Nilguhm
Level 1
06-05-2023
12:55 PM
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I am trying to prepare a 1041. The trust owns shares of an s corp that made an ESBT election.
The income from the ESBT is from a different state than the resident state of the trust. The resident state has additional investment income. I cannot seem to get the correct state income for each state. Plus, the K-1 income from the s corp is being counted twice on the federal return when I switch to a complex trust type return.
Anyone have any solutions or workarounds?
Thanks.
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