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Montana Schedule K1 (FID3)Beneficiaries Share of Income (Loss), Deductions, Credits, etc. For the calendar year 2017, or tax year beginning M D 2 0 1 7Part 1 Estate or Trust Information Mark applicable

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What is beneficiarys share of income?

Beneficiary's share of income is the portion of income allocated to a beneficiary from a trust or estate.

Who is required to file beneficiarys share of income?

The trustee or executor of a trust or estate is required to file beneficiary's share of income.

How to fill out beneficiarys share of income?

To fill out beneficiary's share of income, the trustee or executor must report the income allocated to each beneficiary on Schedule K-1 and provide it to the beneficiaries.

What is the purpose of beneficiarys share of income?

The purpose of beneficiary's share of income is to distribute income generated by a trust or estate to the beneficiaries in accordance with the terms of the trust or will.

What information must be reported on beneficiarys share of income?

The information that must be reported on beneficiary's share of income includes the amount of income allocated to each beneficiary, any deductions or credits, and the beneficiary's tax identification number.

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