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CGWL
Level 2

Should Estate generation-skipping beneficiaries be entered for the 1041?

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?

posted
‎January 21, 2023 3:25 PM
last updated ‎January 21, 2023 3:25 PM
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tagteam
Level 15
Level 15

Should Estate generation-skipping beneficiaries be entered for the 1041?

Yes, if you made a distribution to them (taxable income/gain) that would appear on a K-1.

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‎January 21, 2023 5:00 PM
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tagteam
Level 15
Level 15

Should Estate generation-skipping beneficiaries be entered for the 1041?

Yes, if you made a distribution to them (taxable income/gain) that would appear on a K-1.

‎January 21, 2023 5:00 PM
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