kayf
Level 2
01-26-2022
12:34 PM
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I am doing a first/last 1041 where property sold in the trust. 4 beneficiaries, each 25%
The K-1s are showing twice what the beneficiary should be seeing as their share of LTCap Gains.
I'm pretty sure I am inputting something imncorrectly, but cannot figure it out. Any help will be greatly appreciated!!
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George4Tacks
Level 15
01-26-2022
01:06 PM
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Simple Trust?
Screen 7 Enter 25.00000000000 for each partner ONLY in the 1st 3 blanks? not in all 6?
Answers are easy. Questions are hard!
kayf
Level 2
01-26-2022
01:10 PM
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Thank you! I knew I was doing something "dumb"!!!!
George4Tacks
Level 15
01-26-2022
01:54 PM
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Join the "dumb" club. We have many members here, including me.
Answers are easy. Questions are hard!
