OK. I've completed the 1041 and my bottom line on Schedule B is $12,200.Now I'm completing the 1041 K-1 to show the income distribution to me the spouse.On K-1,...
Would I need to fill out the 1041 K-1 to transfer the tax liability to me and my 1040? Or,do I not pay taxes at all on the income distribution?thank you!
OK. So, after other allowable deductions (line 15a form 1041), the amount left is $13K. Can my sister now disburse that to herself as a beneficiary (Sch B line ...
