I have entered all fields from a K1 1041 on the worksheet, what am I doing or not doing correctly, that its not cancelling out the positive income..
Box 5 has 51024 income, box 14 same thing but negative (-51024) and says H* and “section 1411 adjustment” Spoke with the attorney who prepared this final 1041 and K1 and they say the tax has already been paid, so shouldn’t that mean this box 14 entry should be cancelling out the box 5 income?
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