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imacpa76
April 7, 2025
Question

Form 1041

  • April 7, 2025
  • 1 reply
  • 0 views

For the state filings of a 1041, is the requirement that the state filing is only for the state that the trust/estate was created in?  Or the state returns must be created for each state that the beneficiaries reside in?

    1 reply

    P
    pk12_2
    April 7, 2025

    @imacpa76  at the entity level -- you file only for the State where operating / registered.  The beneficiaries recognize the  K-1 at their state level  return.

    The 1041 is an entity level return along with the K-1 s issued to the beneficiaries.

     

    I am not an expert on this , but this is my understanding of how things operate

     

    Does this make sense ?

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