sjrcpa
Level 15
03-07-2022
07:19 PM
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Pass thrus to pass thrus is not one of Lacerte's strengths. There is nowhere in the 1041 program to enter distributions from a K-1.
Whether the income from the K-1s flows thru on the beneficiary's K-1 depends on several things:
Type of trust, distributions made to beneficiary, whether the passthru K-1s income is income or corpus to the trust, etc.
The more I know the more I don’t know.