Description:

This book is for preparing 2021 taxes. Beneficiaries of an estate or trust receive Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc., to properly report their share of the estate or trust’s activity on their individual tax return. This e-book 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.

View Table of Contents.

Topics include:

• Identifying the character of pass-through income, deductions and credits from an estate or trust
• The various items reported on Schedule K-1
• Summarizing how to report Schedule K-1 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

Product Details:

Item Number: E21323

Level: Basic

Authors: NATP Staff

Published: 2021

Format: Electronic PDF - 100 Pages

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Purchase Info:

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