Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Re: When does an individual taxpayer report K-1 income from an Estate?
When does an individual taxpayer report K-1 income from an Estate?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
edrakin
Level 2
03-05-2024
09:15 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Estate files a 1041 on a fiscal year ending 1-31-24, passing through $143k of income to an individual taxpayer. Individual taxpayer brings me the K-1 on 3-4-24 to be reported with his 2023 tax return filed by April 15, 2024.
Am I correct that the individual should include the K-1 income not on his 2023 tax return, but instead on the 2024 tax return to be filed by April 15, 2025?
1 Comment 1
George4Tacks
Level 15
03-05-2024
09:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes.
Answers are easy. Questions are hard!
