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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Form 1041 Estate and Form K 1
Form 1041 Estate and Form K 1
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cginetto
Level 2
03-10-2022
10:51 AM
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A you tuber wrote that you have to include a K 1 even if there were no distributions from the Estate Form 1041. That doesn't make saense to me. The Estate already paid the capital gains tax so why should it have to attach a K ?. There was only one transaction, the sale of a house that was inherited 10 years ago.
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