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Schedule K-1 (Form 1041) Beneficiary’s Share of Income, Deductions, Credits, etc. Total Allocations Worksheet is a summary schedule of all the beneficiaries' share of income, credits, deductions, etc. The estate or trust issues a Schedule K-1 to each beneficiary to report their share of the estate or trust's Schedule K-1 Total Allocation income and deductions.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.

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