I am doing a first/last 1041 where property sold in the trust. 4 beneficiaries, each 25%
The K-1s are showing twice what the beneficiary should be seeing as their share of LTCap Gains.
I'm pretty sure I am inputting something imncorrectly, but cannot figure it out. Any help will be greatly appreciated!!
Best Answer Click here
Thank you! I knew I was doing something "dumb"!!!!
Simple Trust?
Screen 7 Enter 25.00000000000 for each partner ONLY in the 1st 3 blanks? not in all 6?
Join the "dumb" club. We have many members here, including me.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.