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K-1s for 1041 Self-Study

Summary

Beneficiaries of an estate or trust receive Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc., to properly report their share of the estate or trust’s activity on their individual tax return. 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.

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
  • Summarize how to report Schedule K-1 items on the beneficiary’s return
  • Summarize how to report items on the beneficiary’s return that are associated with estate or trust interest but not reported on Schedule K-1

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.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

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

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