How do I remove Net investment tax from estate beneficiary's return
When Estate has already paid it
Is there investment income - interest, dividends, capital gains - on the K-1?
yes...however Executor has informed client that Estate paid the NIT
How did they pay it if the income was distributed to the beneficiary on the K-1?
I raised the question to my client about payment and received written reply from executor that Estate paid it
Can your beneficiary client request a copy of the 1041?
And, does the Executor even know what Net Investment Income Tax is?
I am going to request validation of payment. and will tactfully determine a way to be sure that the executor understands the question.
