joshuabarksatlc s
Level 10
09-13-2021
05:16 PM
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Margin interest: Screen 30 - info would be for Form 4952
Partnership distribution - From a partnership K-1? If it's not a taxable distribution, it would not affect the 1041. It would affect the asset & equity in the trust accounting. 1041 does not require accounting for the balance sheet items. I don't think it goes on the tax return.
I come here for kudos and IRonMaN's jokes.