K-1 question

Forum|Forum|3 years ago
March 21, 2023
1 reply
2 views

My siblings and I have an irrevocable trust that first time last year sent out distributions. We were issued K-1 forms which my accountant had no issue with. My sisters accountant is asking for a 1099-R which I believe is not

needed if using K-1 correct?

Thank you,

MinhT1

Level 15

A trust will file a form 1041 as its tax return and will issue Schedule K-1 form 1041 to its beneficiaries. A trust does not issue form 1099-R.

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USER987456Author

Level 4

That was the impression I had as well, Thank you again!

K-1 question

1 reply

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