Question, I have been waiting to receive a K-1 from the executors of my wife's parents estate. I don't believe it will show much income, just the interest that was earned from the date of death until the proceeds were distributed.
Unfortunately there is no communication between us and the siblings who are the executors (I'll leave it at that) , and with our taxes due in less than 2 weeks, what are my options? Do I just file my 1040 and forget about the K1? What if it shows up an 4/16? do I need to re-file? or are the executors on the hook with the IRS, not us?
Unfortunately there is no communication between us and the siblings who are the executors (I'll leave it at that) , and with our taxes due in less than 2 weeks, what are my options? Do I just file my 1040 and forget about the K1? What if it shows up an 4/16? do I need to re-file? or are the executors on the hook with the IRS, not us?