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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Re: 1041 K-1 Question
1041 K-1 Question
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Consul1
Level 2
06-14-2020
12:50 AM
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Does every eventual beneficiary, including contingent beneficiary, get a K-1 annually or does the trust only prepare a K-1 for those beneficiaries who receive a current distribution?
If only current beneficiaries get a K-1, is it safe to assume that the K-1's issued may change from year to year?
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qbteachmt
Level 15
06-14-2020
10:30 AM
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There is no need to keep asking the same question, more than once. You might want to go to the one you posted in the Developer's Group, here:
And edit it to remove the text and leave a message that it was the wrong place to ask a tax question, since they are programmers and not tax pros over there. Thanks.
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