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estate tax return

rsquard
Level 1

preparing estate return with K1's.  Program still calculates tax on the full estate.  How do I stop the estate tax. Is there a box to check?

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6 Comments 6
abctax55
Level 15

An estate tax return or a Form 1041?

HumanKind... Be Both
rsquard
Level 1

It is a 1041 estate return.

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IRonMaN
Level 15

Any distributions made?


Slava Ukraini!
rsquard
Level 1

Yes, the income was distributed equally.

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IRonMaN
Level 15

Do you have K-1s prepared showing the distributions?


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15

1041 Page 2, Sch B, Line 9   should make the figures flow to the K-1s, instead of being taxable to the estate.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪