beth-mcmullin
Level 2
‎02-27-2022 03:46 PM
I am entering a K-1 from an estate and think the entries should net to $0 income but it comes out as income.
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sjrcpa
Level 15
‎02-27-2022 06:36 PM

No. The 1411 items are for purposes of Net Investment Income Tax.


The more I know the more I don’t know.
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