When is Schedule K-1-T to be given to the beneficiary?

When is Schedule K-1-T to be given to the beneficiary?

For Illinois income tax purposes, the completed Schedule K-1-T, Beneficiary's Share of Income and Deductions, and a copy of the Schedule K-1-T(2), Beneficiary's Instructions, must be given to each beneficiary if any part of the income is paid, credited, distributed; or deemed to have been paid, credited, or distributed by the trust or estate to the beneficiary.  This must be done by the extended due date of Form IL-1041.

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