LizPS
Level 4
02-19-2023
02:56 PM
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Form 1041 for a Trust
In 2021 Trust Account income reflected 100% as Beneficiaries' percent of trust account income.
I transfered that return to 2022 but this year's Trust Account income reflected 100% as Estate's or trust's percent of trust account income. Based on this no K-1 is generated for the Beneficiary.
I have dug and dug and cannot find what sets this so I can change.
Liz
Best Answer Click here
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