1041 distributions and gains are not carrying to Beneficiary's K-1? What step am I missing?

[LizPS]

Form 1041 for a Trust
In 2021 Trust Account income reflected 100% as Beneficiaries' percent of trust account income.

I transfered that return to 2022 but this year's Trust Account income reflected 100% as Estate's or trust's percent of trust account income. Based on this no K-1 is generated for the Beneficiary.

I have dug and dug and cannot find what sets this so I can change.

Liz

[Just-Lisa-Now- · Accepted solution]

Theres a line for Income required to be distributed that needs to be filled in to get the numbers to flow to the K-1s,   1041, Page 2, Sch B, Line 9

[LizPS]

Thank you Lisa, I don't know why I've missed this two years in a row.

Liz

[Just-Lisa-Now-]

It tripped me up in front of a client the other day, I KNOW this needs to be done, but I just drew a blank for some reason, once I came back to it later I was like  "OMG, I'm dumb!"  LOL