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Financial Planning / Tax Strategies


Subject:  Re: State Tax Liability-Form 1041 K-1 Date:  12/13/2012  1:28 AM
Author:  irasmilo Number:  117129 of 127617

Are the state K-1s filed for the estate's state or for the state of the beneficiaries?

State K-1s are based on the resident state of the Estate, not the beneficiaries. The beneficiaries will need to figure out on their own what to do, or ask the executor of the Estate for more information.

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