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Form 1041 Distributions

COLOCPA
Level 2

Where in Lacerte do you enter property distributions to Beneficiary for Form 1041, Schedule B, Line 10?  I only see where to enter "dollar" distributions, which I am assuming is cash only? 

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sjrcpa
Level 15

There aren't separate inputs for cash and property distributions. That dollar designation is so you can enter a specific amount vs the Percentage designation where you would enter a percent.

The more I know, the more I don't know.

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3 Comments 3
sjrcpa
Level 15

There aren't separate inputs for cash and property distributions. That dollar designation is so you can enter a specific amount vs the Percentage designation where you would enter a percent.

The more I know, the more I don't know.
COLOCPA
Level 2

Thank you for the quick response!

sjrcpa
Level 15

YW

The more I know, the more I don't know.