preparing estate return with K1's. Program still calculates tax on the full estate. How do I stop the estate tax. Is there a box to check?
An estate tax return or a Form 1041?
It is a 1041 estate return.
Any distributions made?
Yes, the income was distributed equally.
Do you have K-1s prepared showing the distributions?
1041 Page 2, Sch B, Line 9 should make the figures flow to the K-1s, instead of being taxable to the estate.
