Income Reported on Form K-1

Mar 18, 2009 1 Replies

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Ricky Bobby 17 years ago

I'm executor of my father's estate. He died in 2007 and I filed the decedent's last return last year. But now I need to file an estate tax return on Form 1041 and K-1 forms for myself and two brothers reporting about $3,000 of income I distributed in 2008 to each of us.

I have until April 15th to file the 1041 and K-1-- so how do they report that 2008 income? They've already filed their 2008 returns?

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Arthur Kamlet 17 years ago

A taxpayer who files a tax return and then receives a tax form, such as a Form 1099 or a Schedule K-1, can amend the tax return by filing form 1040X. A state equivalent of form 1040X might also be neeeded.

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