1041 Margin Interest

ShawnCA · ‎03-31-2021

Ordinary/Qualified Dividends 7000; STCG 38000; LTCG 43000.

Margin Interest - 4000

All income assigned to and distributed to beneficiary.

Form 4952 - How to get the margin interest to flow through to the beneficiary's K-1?

sjrcpa · ‎03-31-2021

The K-1 income-dividends- should be passed through on the K-1 net of the proportionate share of investment interest. It is not a separately stated item for fiduciary returns.

The more I know the more I don’t know.

ShawnCA · ‎03-31-2021

Thanks. I forgot I could just put the interest directly on the 1041

sjrcpa · ‎03-31-2021

You're welcome.

The more I know the more I don’t know.

1041 Margin Interest

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