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Form 1041 Schedule K 1 Internal Revenue Service

Form 1041 Schedule K 1 Internal Revenue Service

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all right so for this form 1041 tutorial I want to go through an example for 2022 this is going to be an irrevocable non-grantor trust so it's a complex trust for federal income tax purposes and so I want to cover just a very simple example where a truss has income some expenses and then it's required to make distributions during the year so as far as what we have in front of us I've got two slides right just a summary of the things that we're going to talk about the fact pattern and some rules that are important just as an intro of course and then a we also of course have the sample 1041 that we're going to walk through so this is a 1041 for again a complex truss for 2022 so we'll go through the 1041 and all the relevant schedules and things you need to include and then I do have a sample uh 1099 so this is a Consolidated 1099 for the truss and so these are the income items that we're going to be reporting on the 1041 and then la

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