I have a trust return that is final. There are excess deductions included in Box 11A of the K-1.
The beneficiary is another trust.
I did an export of the K-1 from the the final trust into the beneficiary trust. The information in box 11A didn't flow anywhere.
Honestly, I didn't expect it to, but I am not sure where to enter the information.
Best Answer Click here
Excess deductions are now separately listed based on type of excess deduction. Just manually input where they belong (so excess fiduciary fees get input as fiduciary fees).
Excess deductions are now separately listed based on type of excess deduction. Just manually input where they belong (so excess fiduciary fees get input as fiduciary fees).
Thanks, this was my original thought, glad to have some confirmation.
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.