Must a Schedule K1 be issued when filing Form 1041 Irrevocable Trust?
Not enough info to tell.
I'm sorry I couldn't find my question!!!
Please correct me if I'm wrong - a K-1 should be issued if a distribution was made. I'm sorry for being so vague. Everyone has been so kind. 🙂
In general, distributions carry out taxable income (but not principal), so yes a K-1 would be issued.