kglass30
Level 2
01-14-2022
10:02 AM
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How do i get the income to flow to the K-1 on a complex trust?
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Level 15
01-14-2022
12:08 PM
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going by memory here, I dont have the program open....Page 2 or 3 of the 1041 is a line for Income Required to be Distributed, once you fill that part in, the income should flow to the K-1s
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
kglass30
Level 2
01-25-2022
10:31 AM
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Thank you Lisa, I have done this and it still will not work. It is a complex trust
Level 15
01-25-2022
10:34 AM
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what kind of income is it? I know capital gains dont flow out to the K-1s unless you allocate them to the benes near the bottom of Sch D.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
01-25-2022
11:58 AM
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Apart from capital gains, is there net income or a net loss on the return?
The more I know the more I don’t know.