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    Breo333's Avatar
    Breo333 Posts: 1, Reputation: 1
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    #1

    Jan 15, 2012, 10:40 AM
    Estate filing date
    We expect to receive a K-1 for the sale of property (sold in '11) this year 2012. Does this count as income in '11 or '12?
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    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jan 16, 2012, 07:10 AM
    It depends what the estate's fiscal year is. The accountant preparing the K-1 on behalf of the estate can tell you whether the income is reportable by you, and if it is - for what calendar year must you report it.
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