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
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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
- :
- k-1 on 1041 wrong anyone else see this
k-1 on 1041 wrong anyone else see this
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
michele
Level 7
02-07-2024
11:53 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
1041 has interest income. and is entered as interest income. It is not showing up on k-1 it is throwing it into long term capital gains. Which the return does have long term capital gains but why is the interest showing up there. I had to do an override on all the beneficiary's k-1 and enter them manually.
thx Michele
Labels
1 Comment 1
sjrcpa
Level 15
02-07-2024
12:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are there expenses?
Is the K-1 LTCG amount less than the 1041 page 1 LTCG?
The more I know, the more I don't know.
