K-1

Forum|Forum|6 years ago
April 5, 2020
1 reply
3 views

The Schedule K-1 is automatically generated when filing a final estate tax return. If there is nothing to report on the Schedule K-1, does it still need to be sent to the beneficiaries.

TurboTax Business Windows

Best answer by Anonymous_

@dion9999q wrote:

If there is nothing to report on the Schedule K-1, does it still need to be sent to the beneficiaries.

No, it does not. However, it is considered to be a good practice so that the beneficiaries are made aware that they have no tax liability for any distribution from the estate.

Anonymous_Answer

Level 15

@dion9999q wrote:

If there is nothing to report on the Schedule K-1, does it still need to be sent to the beneficiaries.

No, it does not. However, it is considered to be a good practice so that the beneficiaries are made aware that they have no tax liability for any distribution from the estate.