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Table of Contents.
An estate or trust can generate income, and at the end of the year, all income distributions made to beneficiaries must be reported on a Schedule K-1 (1041). Form 1041 is also used to report any income a trust earns over $600. This textbook examines everything you need to know to properly report the information provided to the beneficiary on a Schedule K-1 on their individual tax return.
K-1s for 1041 covers:
Level: Basic level
Author: NATP Staff
Publication Date: 2019
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