Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 01-25-2014, 04:51 PM
Join Date: Jan 2014
Posts: 35
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.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trust EIN FBN2014 Trusts and Gift Tax Returns 2 01-25-2014 04:53 PM
Estate in Trust? jiji2006 Estate Planning 1 04-16-2013 03:04 AM
Special Needs Trust mzak36 Trusts and Gift Tax Returns 0 04-02-2011 05:35 PM
What is Trust Accounting? TaxGuru Estate Planning 0 07-13-2009 05:03 PM
Trust principal distributed free from trust taxnewbie Trusts and Gift Tax Returns 0 03-12-2009 12:44 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning