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Old 01-25-2014, 04:51 PM
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K-1 for a trust

How does the trust's trustee report distributions to beneficiaries of a trust? My understanding is that the trustee must send each beneficiary a K-1 that shows their share of the distribution and they attach the K-1 to their individual return. Is that correct? Does the trustee need to report anything to the IRS about the distributions? What form is necessary to do this? Thanks for any assistance.



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