K-1s for 1041 Self-Study

Summary

An estate or trust can generate income, and at the end of the year, all income distributions made to beneficiaries must be reported on a Schedule K-1 (1041). Form 1041 is also used to report any income a trust earns over $600. This course examines everything you need to know to properly report the information provided to the beneficiary on a Schedule K-1 on their individual tax return.

Objectives

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.
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Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.






   

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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