Q: Does an estate send K-1's (with carryover loss) to charities or only real persons? This is final return. Thank you
Should have mentioned I was asking about charities who are beneficiaries. And if they do not get K-1's, do the real persons share the total loss based on their percentages of the estate? Thank you
A: No, you don't send K-1's to a charity. The trust takes a charitable deduction for amounts sent to a charity not a distribution deduction that would produce a K-1.
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