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Father's estate - Tax Preparer filed a 1041 extension (2015)

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and subsequently sent the K-1...
Father's estate - Tax Preparer filed a 1041 extension (2015) and subsequently sent the K-1 with taxable income. However I did not receive any proceeds until June 2016. Which year do I report income on my 1040?
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: Pretty much explained
JA: Is there anything else the Accountant should be aware of?
Customer: No, I just need to know if I have to file an amended tax return for 2015 or include the 2015 K-1 information on my 2016 Tax Return
Submitted: 1 year ago.Category: Tax
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Answered in 5 minutes by:
8/3/2016
Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,338
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Hi, my name is Mark. I will be happy to help you with your questions.

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Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago

What was the year end for the 1041?

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Customer reply replied 1 year ago
The year ended was December 31, 2015
Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago

You would report the income reflected on the K-1 in 2015.

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Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago

It sounds like you may also receive a K-1 in 2016.

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Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago

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