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Old 12-18-2017, 11:54 AM
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K-1 and Decedent's Estate Question

Hello Forum.

I have a question about the necessity of the K-1 form as it may relate to the estate of a decedent.

The situation is this:
Dividends were earned from the estate's investments after the decedent's passing, and before the probate assets could be liquidated and dispersed to the beneficiaries.

Taxes on those dividends are being reported as taxable income to the estate on the estate's 1041 tax form. None of it is allocated to the beneficiaries on the 1041 form. The estate is paying the tax on those dividends.

Is it necessary to create and distribute K-1 forms to the beneficiaries in this case?

Thanks for your help and guidance in this.

Hank in Georgia

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