Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- In Lacerte, how do I claim a deduction for DNI Form 1041 without distributing any income?
In Lacerte, how do I claim a deduction for DNI Form 1041 without distributing any income?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
bethbrake
Level 2
04-08-2025
02:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have tried entering a beneficiary, entering the % to distribute and overriding in Screen 7.3 "income required to be distributed" with "-1". Nothing prints on 1041 Schedule B. I do not want to generate a K-1.
Labels
2 Comments 2
sjrcpa
Level 15
04-08-2025
04:03 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
So how can you justify a distribution deduction without a K-1?
The more I know the more I don’t know.
Karen_pdx
Level 4
04-08-2025
06:04 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The purpose of the DNI deduction is to give the trust a deduction for the income transferred to the beneficiary on Schedule K-1. The two are linked, so if no beneficiary should be receiving a distribution, then the trust doesn't get the DNI deduction and the tax is paid on all the trust's income at the trust level.
