I am filing the first/final 1041 for my Mom's estate. I have entered the children as beneficiaries to create the K-1s. Should the generation-skipping grandchildren be listed as beneficiaries when each received $1,000?
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Yes, if you made a distribution to them (taxable income/gain) that would appear on a K-1.
Yes, if you made a distribution to them (taxable income/gain) that would appear on a K-1.
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