1041 help

[kayf]

I am doing a first/last 1041 where property sold in the trust. 4 beneficiaries, each 25%

The K-1s are showing twice what the beneficiary should be seeing as their share of LTCap Gains.

I'm pretty sure I am inputting something imncorrectly, but cannot figure it out. Any help will be greatly appreciated!!

[George4Tacks]

Simple Trust?

Screen 7 Enter 25.00000000000 for each partner ONLY in the 1st 3 blanks? not in all 6?

[kayf · Accepted solution]

Thank you! I knew I was doing something "dumb"!!!!

[George4Tacks]

Join the "dumb" club. We have many members here, including me.