Form 1041 K-1 Beneficiary of estate

[Nancy8]

 Form 1041 Schedule K

There is an amount of 39019 on line 5 Part II and an amount (39019)  (negative) on Box 14 code h.  

There is no other portfolio income other than 6 in interest income shown in Part III Line 1.  T/P has no other individual income except wages.

Where is Box 14 amount entered on any form?  Does it offset amount on Line 5 Part II?

[Nancy8]

I forgot to include these figures are on Form 1041

[sjrcpa]

If  you look at the Beneficiary's Instructions for K-1 it tells you where to enter 14H.

[Tom in PVB]

i don't see where it says to enter

[BobKamman]

Code H. Net investment income tax. 

This amount is the beneficiary's adjustment for section 1411 net investment income or deductions. Enter this amount on line 7 of Form 8960, as applicable. See the Instructions for Form 8960.

....And I think you meant Line 5, Part III (not II)

Box 5—Other Portfolio and Nonbusiness Income

The amount reported in this box is your distributive share of royalties, annuities, and other income that isn't subject to the passive activity rules. It also includes income in respect of a decedent (IRD), which isn't included in box 1, 2a, 3, 4a, 6, 7, or 8.

My guess is that the trust received a distribution from an annuity or retirement account.  

[Accountant-Man]

My guess is that the trust received a distribution from an annuity or retirement account.  

{Mine too}