harveyburger
Level 3
2 weeks ago
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I have a fiscal year 1041 for the FYE 6/30/24 that has anticipated income for FYE 6/30/25 that has taxable income of excess of 100K and some net investment income. The program is not populating any 1041 ES but is computing only the net investment income tax on a separate worksheet but is not computing the income tax. There are no deductions for any of the taxable income to be distributed.
I have spent over 2 hours on the phone with Lacerte agents who offered no explanation why the 1041 ES is working for a calendar year but not a fiscal year.
Any help would be sincerely appreciated.
Thanks.
Harvey