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March 21, 2021
Question

Where do i report K-1 income and related estimated tax payment?

  • March 21, 2021
  • 1 reply
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I have a K-1 beneficiary share of income, for which I've made an estimated tax payment.  I what section am i to report this income and payment?

1 reply

Employee
March 21, 2021

You report it in the Business Investment and Estate/Trust Income section.

 

Click the Start (or Update) button to the right of Schedule K-1 and then be sure to choose Estates or trusts (Form 1041) on the following screen.