K-1


sal

Joined
Aug 4, 2009
Messages
3
Reaction score
0
Sole Shareholder passes away on day A. The estate is opened on date B, and the stock certificate is transferred to the heir on date B as well. Both dates are in the same year.
Which of the two options below better describes the recipients of K-1 forms?

Option 1:
jan 1 to date of death -> prorated k-1 to the original shareholder
date of death (i.e. day A) to day B -> prorated k-1 to the estate
day B to dec 31 -> prorated k-1 to heir

Option 2:
jan 1 to date of death -> prorated k-1 to the original shareholder
date of death (i.e. day A) to dec 31 -> prorated k-1 to heir
the estate would not get the k-1 at all.

Thanks in advance.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA K-1 reporting 2
USA Does the K-1 have to be amended? 2
USA Solo 401k and K-1 income/losses 0
k-1 0
USA Client Received K-1 with Box 13 code L 0
K-1 question 6
Schedule K-1 2
USA Partnership - K-1 1

Top