MikiD
Level 3
05-24-2023
04:54 PM
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Hi,
A client received a form K-1 from a partnership that generated rental income. The K-1 is issued to the client's irrevocable trust EIN and not his social security number. Can I report the K-1 on the 1040 return, or do I have to file a trust return and then have the new trust K-1 to import into the personal 1040? The reportable income is not going to change...
Thank you