Employee
10-12-2021
12:01 PM
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I don't see a reason why they should wait I have looked over the instructions regarding this I was able to pull this information.
"Use Schedule K-1 to report a beneficiary's share of the estate’s or trust’s income, credits, deductions, etc. on your Form 1040 or 1040-SR. Keep it for your records. Don’t file it with your tax return, unless backup withholding was reported in box 13, code B."
https://www.irs.gov/instructions/i1041sk1
Hopefully this helps!!