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PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4034
Experience:  35 years tax experience, including four years at a Big 4 firm.
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Does the estste of deceased shareholder in s corporation receive

Customer Question

Does the estste of deceased shareholder in s corporation receive k-1s and distributions following death up until shares are redeemed back by corporation in stock redemption agreement?
Submitted: 6 months ago.
Category: Tax
Expert:  PDtax replied 6 months ago.
Hi from Just Answer. I'mCustomer The general answer is yes, unless there is an agreement that a specific beneficiary receive the K-1 interest. The estate is allowed to hold the S shares, and will report income on 1041. Thanks for asking at Just Answer. Positive feedback is appreciated when you accept my response. I'mCustomer