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danvirden
Level 1
08-11-2020
02:38 PM
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In the final year of an estate, I entered the dollar amount of distributions and the amounts are different on the income tax return. for example - 8 of the beneficiaries share on Distributable Net Income is 155 each, but when I look at K-1 the some amounts go to 156 and some to 155 and some 154 on line 5 of the K-1. Why does the program do this and how do I correct it?
I first tried the percentages for distribution but that was way off.
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sjrcpa
Level 15
08-11-2020
02:46 PM
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It's rounding. You can override each line on the K-1. I'd let it be.
The more I know, the more I don't know.
