Since 2007 the inception of this Irrevocable Trust, the trust has paid the taxes and no K-1 was required.
This year I am using the Pro Series and it will not allow me to proceed without a K-1 directed to a Grantor. I am not sure what I am doing incorrectly with the Pro Series.
The Trust has made Estimated payments to both the Fed. and State.
Any ideas?
Thank you
If you selected Simple Trust it will create a K-1 since income is required to be distributed. If a complex trust you have to enter distributions on page 2 to create the K-1.
Thank you. That was quite simple.
Appreciate the quick response
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