Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Trust Tiered DNI

TaxGirl3
Level 5

Original 100% beneficiary dies mid-year and all income up to death should be assigned to that bene (trust required mandatory monthly distributions of income).  After death, assets are distributed to the remainder beneficiaries, and so the after-death income should be divided among remainder beneficiaries.

 

How do I assign specific pre-death income to the deceased beneficiary and after-death income to the remainder beneficiaries?

 

Thank you!

 

 

0 Cheers
1 Best Answer

Accepted Solutions
sjrcpa
Level 15

Lots of overrides.

Work out the correct numbers on a spreadsheet. 

Maybe you can get a % to enter in the software that will give the correct K-1 amounts.


Ex-AllStar

View solution in original post

2 Comments 2
sjrcpa
Level 15

Lots of overrides.

Work out the correct numbers on a spreadsheet. 

Maybe you can get a % to enter in the software that will give the correct K-1 amounts.


Ex-AllStar
TaxGirl3
Level 5

Ouch!

0 Cheers