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Level 1
December 7, 2019
Solved

In form 1041 where can I denote allocating distributable net income by beneficiary percent? I am only able to get it to flow using dollar amounts.

  • December 7, 2019
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Best answer by TAXOH

On the K1 Beneficiary's Allocation Smart Worksheet leave part A blank and put percentages in part B.

1 reply

TAXOH
TAXOHAnswer
Level 10
December 7, 2019

On the K1 Beneficiary's Allocation Smart Worksheet leave part A blank and put percentages in part B.