Trusts Part 4: Finalizing Form 1041 and Preparing Schedule K-1 On-Demand Webinar
Learn to prepare the Form 1041 and Schedule K-1 through comprehensive examples and illustrations. We will review how report income on Schedule K-1 depending on whether the trust is simple or complex, and you’ll learn the differences of distributable net income on a final trust return versus any other tax year. The webinar also includes information on tax credits and when the net investment income tax applies for a trust.
Upon completion of this course, you will be able to:
- Prepare Form 1041 for a trust
- Calculate the appropriate estimated tax payments for a trust
- Determine when a trust is subject to the net investment income tax (NIIT)
- Complete a Schedule K-1 for each beneficiary’s share of distributable net income so the beneficiaries can accurately prepare their individual tax returns
This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.
Jaye Tritz, EA, CFP®