Who needs instructions 1041 (Schedule K-1) Form

Who needs instructions 1041 (Schedule K-1) Form: What You Should Know

The fiduciary's purpose is to assist the decedent's surviving family in reporting the amounts of property that he or she wishes to pass on to the estate or trust as executor or the decedent's estate or trust as executor. If you received an Estate Notify K-1 (Form 1040NR) from an estate or trust, you can request Form 1041 to report your share of the estate's income, credits, deductions, etc. using the following instructions: Use Schedule K-1 to report a beneficiary's share of the estate's income, credits, deductions, etc. on your Form 1040 or 1040-SR.

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