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Level 4
April 16, 2022
Solved

Why isn't the 1041 Trust not flowing to the K-1

  • April 16, 2022
  • 2 replies
  • 30 views

Every year all of the interest, dividends, capital gain and Schedule E has flowed to the K-1 Beneficiary.

This year it isn't. It is going to the Trust.  Dividends amount but instead of the 1041 Allocating to the Beneficiary it going to the Trust.  Capital Gains are way higher this year than last and also the Schedule E has a larger loss since a property was sold and it cost $20,000+ in repairs.

Is this correct and if so why?  If not, what am I doing wrong.

This topic has been closed for replies.
Best answer by Just-Lisa-Now-
1041, Page 2, Part B, Line 9 will send all the income besides the cap gains to the K-1.

Cap gains get allocated to the beneficiaries on Sch D, Part III

2 replies

Just-Lisa-Now-
Intuit Community Champion
April 16, 2022
1041, Page 2, Part B, Line 9 will send all the income besides the cap gains to the K-1.

Cap gains get allocated to the beneficiaries on Sch D, Part III
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Foxy-LadyAuthor
Level 4
April 16, 2022

Thanks, just could not see it.