Question
Section 179 - where to enter in a trust return
I have a trust which received a K-1 which had rental income and it mentioned on the K-1 that there is Section 179 that is attributed to the beneficiaries.
On trust we are preparing, I believe we can allocate the Section 179 between the trust and the beneficiaries based on the distributed income to the beneficiaries.
Where do we enter this Section 179 in the trust return?
