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1041 K-1 w/ending fiscal yr May 14-Feb 15. Reportable on Recipients 2015 tax return?

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    1041 K-1 w/ending fiscal yr May 14-Feb 15. Reportable on Recipients 2015 tax return?

    Recipient of K-1 received K-1 from 1041 (Estate May 2014 thru Feb 2015). Recipient is to report K-1 on recipients 2015 form 1040, correct?

    #2
    Yes, they will report the income on their 2015 return.

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