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April 12, 2025
Question

When to file K-1

  • April 12, 2025
  • 1 reply
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My brother passed in early 2024 in NY and the estate has not been paid out yet, but i received a 2024 K-1 tax form with no beginning or end date noted showing a long term capital loss.    As it is April 2025 and the estate has not paid out yet, do I need to amend his 2024 taxes or does this get filed for 2025?

    1 reply

    April 14, 2025

    If the fiscal year for the IRS Schedule K-1 (1041) ended in 2024, the IRS Schedule K-1 is reported on your 2024 Federal income tax return.

     

    You may want to contact the issuer of the IRS Schedule K-1 to confirm the fiscal year beginning and end.

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