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March 15, 2023
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Should the beneficiary allocations appear on their K1s when there is no income into the estate?

  • March 15, 2023
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Best answer by Anonymous_

Are you preparing a 1041 for the estate?

 

The actual allocation percentages do not appear anywhere on the K-1s; only items of income, gain, deductions, and credits appear on the K-1 (in Part III).

1 reply

Employee
March 15, 2023

Are you preparing a 1041 for the estate?

 

The actual allocation percentages do not appear anywhere on the K-1s; only items of income, gain, deductions, and credits appear on the K-1 (in Part III).

abua93639Author
March 15, 2023

Thank you!  Yes this is a final filing of a 1041 for the estate.