Legal Question in Wills and Trusts in California

I received a schedule k-1 (form 1041) Benefeciary Share of Income, Deductions, Credit.

Does this form mean that I must add the amounts on the form to my personal taxes and if so why? I have received no money from the closed probate.


Asked on 11/28/12, 8:43 am

1 Answer from Attorneys
Victor Waid Law Office of Victor Waid

This being a tax question, please consult an accountant or a probate attorney specializing in tax implications of benficiary 1041 statements that may apply to you and your personal income taxes.

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Answered on 11/28/12, 12:28 pm


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