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I'm having difficulty generating amounts on beneficiaries K-1s for an estate in the fiduciary module.

KellieW
Level 2

this is a second year fiduciary.  It is classified as an estate.  Last year, there was no activity.  This year, there is income and some stock losses.  The interest/dividends or losses are not flowing through to the beneficiary K-1s.  What am I doing wrong?  I have the designation percentages correct in screen 7. 

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5 Comments 5
sjrcpa
Level 15

Were distributions actually made to the beneficiaries?


Ex-AllStar
joshuabarksatlcs
Level 10

N


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joshuabarksatlcs
Level 10

Net income or net loss? 


I come here for kudos and IRonMaN's jokes.
KellieW
Level 2

Mainly interest/dividend income and one beneficiary has a distribution.

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joshuabarksatlcs
Level 10

Screen 7: %'s in both required and other?

If trust has net income (before income distribution deduction IDD) , and NO Sch B Override (for IDD) , Line 18 on 1041 still shows zero, you need to contact Support.  Probably, there is an entry somewhere blocking the IDD and K-1 distribution.  Lacerte 1041 is working properly, so far I can see..  

 


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