K-1's for 1041
Taxpayers who are beneficiaries of an estate or trust will receive a Schedule K-1 (Form 1041). This course examines what you need to know to properly report the information provided to the beneficiary on a Schedule K-1 on their individual tax return.
Upon completion of this course, you will be able to:
- Identify the character of pass-through income, deductions and credits from an estate or trust.
- Describe the various items reported on Schedule K-1.
- Report Schedule K-1 items on the beneficiary’s return.
- Report items on the beneficiary’s return that are associated with estate or trust interest but not reported on Schedule K-1.
This course includes an e-book. CPE is issued after exam is successfully completed.