Table of Contents.

Description:

Taxpayers who are beneficiaries of an estate or trust will receive a Schedule K-1 (Form 1041). This textbook examines what 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:

• Identifying the character pass-through income from an estate or trust.
• Various items reported on Schedule K-1.
• Reporting Schedule K-1 items on the beneficiary’s return.
• Reporting items on the beneficiary’s return associated with estate or trust interest but not reported on Schedule K-1.

Product Details:

Level: Basic level

Author: NATP Staff

Publisher: NATP

Publication Date: 2017

Format: Print

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Corresponding CPE Courses:

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K-1s for 1041 Self-Study Course