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Level 5
January 26, 2024
Question

S Corp officers passed away???

  • January 26, 2024
  • 1 reply
  • 14 views

I have a client who is a S Corp, one of the partners passed away in July 2023. Do I just change the K-1 information of the deceased partner to the Estate? Then the K-1 will generate and be passed on to the Estate tax return.

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abctax55
Level 15
January 26, 2024
HumanKind... Be Both