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New Member
posted Sep 24, 2022 12:29:00 PM

My child (a dependent) received a K-1 as they were a beneficiary from an estate. How do I add this to my tax return?

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3 Replies
Level 15
Sep 24, 2022 1:25:45 PM

You don't ... if the child is required to file a return it goes on their return only.

Level 15
Sep 24, 2022 1:26:04 PM

The Schedule K-1 is entered on the dependent's tax return since they received the income from the estate as a beneficiary.

Alumni
Sep 24, 2022 6:49:44 PM

How much taxable income is involved? Depending on amount and kind of income, no return may be required ...