1041-X?

Mar 04, 2008 2 Replies

Having received a corrected 1099 for a trust I went looking for a 1041-X form on the IRS Website but could not find one. Does it exist? If not how does one report the change



California does not have a 541-X form on thir site



There is an $88 decrease in Total income, qualified dividends increased by $250 and an increase of $18 in Capital Gain Distribution (would be reflected in Capital loss carryover). These changes would drive a change in the K-1. The net result would probably be a refund increase of may be $15 to the recipient of the K-1..



Should I even do anything given that the amounts are small or should I wait for the iRS to do something on their own. Next year I won't be in such a hurry to file


One reads page 16 of the instructions for Form 1041 wherein it is revealed that you file another 1041 with the "Amended return" box in section F checked, and include a letter explaining what changed.

Regards, John Levine, snipped-for-privacy@iecc.com, Primary Perpetrator of "The Internet for Dummies", Information Superhighwayman wanna-be,

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ex-Mayor"More Wiener schnitzel, please", said Tom, revealingly.

"John Levine" wrote

And don't forget to send out corrected K-1's if those are a part of the original return.

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