I received a Schedule K-1 (Form 1041) in 2021 for calendar year 2020 at the close of my father's trust. Where do I put this information in when filing taxes? The trust was closed out in October 2021.
You'll need to sign in or create an account to connect with an expert.
You report this in the Wages and Income section of TurboTax, then Business Investment and Estate/Trust Income, then Schedule K-1.
if the 2020 K-1 is for the calendar year 2020, it must go on your 2020 return. if it's already been accepted, you'll have to amend
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Tcrosley5
New Member
laurie-marshall3
New Member
MEL MANDICH
Returning Member
curtisjesiah
New Member
Jazmyn--George
New Member