stanley9
Level 1
03-20-2024
08:02 AM
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I have a client the is the sole beneficiary of his mothers trust. For the first 5 years he received just the income from the trust. I filed 1041 for the trust and schedule K-1 for their individual return. Beginning this year (2023 return) he receives the income plus a 20,000 payment from principal. This 20,000 is taxable on their individual return. My question where do i enter this distribution from the trust in form 1041 and the k-1 so it appears on their personal 1040.
Thanks
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