Does Schedule K-1-T need to be submitted to the Department?

If you receive a Schedule K-1-T, Beneficiary’s Share of Income and Deductions, from a trust or estate, then you must attach a copy of the Schedule K-1-T you received to your Illinois income tax return to report and claim any amounts you received. Please keep a copy of the Schedule K-1-T you received for your files.

If you are the trust or estate that completes Schedule K-1-T you should send the appropriate Schedule K-1-T to each beneficiary along with a copy of Schedule K-1-T(2), Beneficiary’s Instructions. You should maintain copies of these issued Schedule(s) K-1-T in your files. When you submit your fiduciary return to the department, do not include copies of any Schedule(s) K-1-T you issued to your beneficiaries. The beneficiaries will report this information when they file their Illinois income tax returns.

If you have additional inquiries, you may submit them to the Questions, Comments, or Request form.