Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Irrevocable Trust

RC18
Level 3

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

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
dascpa
Level 11

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.

RC18
Level 3

Thank you. That was quite simple.

Appreciate the quick response

0 Cheers