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K-1s for Form 1041 textbook (2024)

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$64.00 - K-1s for Form 1041 textbook (2024) - Basic

$66.00 - K-1s for Form 1041 textbook (2024) - Nonmember

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Overview

Description:

This book is for preparing 2024 taxes. Beneficiaries of an estate or trust receive Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc., which is used to report their share of the estate or trust’s activity on their individual tax return. This course examines what you need to know to report the information from a Schedule K-1 (Form 1041) on the beneficiary’s individual tax return.

Table of Contents

Topics include:

Identifying the character of pass-through income, deductions and credits from an estate or trust
Describing the various items reported on Schedule K-1 (Form 1041)
Summarizing how to report Schedule K-1 (Form 1041) items on the beneficiary’s return
Summarizing how to report items on the beneficiary’s return that are associated with estate or trust interest but not reported on Schedule K-1 (Form 1041)