doubleg10
Level 3

Interest income for the trust is $134.  There are five beneficiaries each receiving 20%.  Per the Distributable Income for Schedules K-1 worksheet, the program is allocating professional fees to the interest income, the non-qualified dividends and the non-passive income.  It then allocates excess deductions (which is its share of the prior years' un-allowed losses from the investment in the PTP as the PTP was sold in 2022).

Total interest income of $134 less share of fees of $4 less share of allocable excess deductions of $29 results in total distributable interest income of $101 (line 13 column a of the Distributable Income for Schedule(s) K-1.

Line 14 - Amount distributed to beneficiaries is $946.  This does not compute.

Thank you for the help.

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