Jamie L Walling
Level 2
a month ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am preparing a fiduciary return that has three OR beneficiaries and one CA beneficiary.
Three calls and three hours later with technical support and I am still unable to generate K-1's based on the beneficiary's state or residence (no source income from any state, it is all interest and dividends).
One of the support rep's I spoke with said pick a state, issue the K-1's under that state and the beneficiaries will need to just report the income on their state return.
Another one suggested I just override all forms and allocate manually.
Any help would be greatly appreciated. I am beginning to think issuing a K-1 based on state of residence is not an option.