JaUrbanski
Level 3

For a final 1041 K1 with an entry on Line 11A, this deduction should flow to the 1040 as an adjustment to AGI pursuant to recent regulations REG-113295-18 issued May 18, 2020.  ProSeries does not do anything with the number entered on 11A of the K1 worksheet.  This is wrong.

Preparers will need to make an adjustment on the Other Income line 8 of Schedule 1 entering the final year deduction amount from 11A as a negative number and referencing the Trust or estate name and TIN in the explanation.  It may also be helpful to reference the regulation citation.

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