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Posted

1st and final estate tax return. estate received a 1099R with federal and state withholding. does this flow thur the K-1's on final year? I thought it did but can't find where, or does the refund get sent to the estate thru the 1041

thanks

Posted

The 1041 shows zero taxable income & deductions if it is passing taxable items to the 1041-k1. It does not pass assets/principal of the estate and a refund on page 1 is an asset that will refund to the estate for non-k1 distribution.

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