hedgeslaw
Level 4

In ProSeries desktop, enter the information from the 1065(K-1) you received on the Form 1041's "K-1 Entry Wks-Partnership" form, entering the various income, credit etc, items ... and entering the distributions on line 19, Code A of that worksheet. Now go to page 1 of the 1041 and on line 8, write in "Pass Thru Distribution Income" and the enter that Line 19 distribution amount. That fixes your DNI.

Now go to page 2 for the 1041, and in Sch B, find the smart worksheet after Line 7 entitled "Trust Accounting Income Smart Worksheet and ...". Drop down to the 1st write-in line and enter "Pass Thru Income Adjmt" and enter a negative amount matching the income item(s) reported to you on the 1065(K-1) you received so that the result on Sch B, Line 9 equals the page 8 write-in amount. That fixes your Trust Acctng Income and your required distribution calculation.

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