Schedule K-1

[Teo1251]

I received a K-1 with dates from 2022-2023. I received the money from the trust in 2024. Which tax year do I file the K-1?  The year I received the money or amend my tax return from last year?

[AnnetteB6 · Accepted solution]

You would include the income reported on the K-1 with the return that matches the date of the K-1.  

Meaning, if the K-1 is for 2023, then that information would be reported on your 2023 tax return.  So, you would need to amend your 2023 return (and possibly 2022) if the K-1 is reporting 2023 income items.