We received a K-1 form from an estate trust. The form arrived after the March 15th deadline. We already filled for 2023
The form shows tax year from February 2023 to January 31st 2024. Because of the January 2024 date, the executor was told we shoul include it in 2024 tax return. The K-1 form itself has 2023 on it. Our CFP thinks it needs to be incuded in 2023 and we should file and amended return.
Any tax experts care to weigh in on who is correct in this situation?
The form shows tax year from February 2023 to January 31st 2024. Because of the January 2024 date, the executor was told we shoul include it in 2024 tax return. The K-1 form itself has 2023 on it. Our CFP thinks it needs to be incuded in 2023 and we should file and amended return.
Any tax experts care to weigh in on who is correct in this situation?
Statistics: Posted by A440 — Tue Apr 09, 2024 12:52 pm — Replies 3 — Views 129