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

How do i get the income to flow to the K-1 on a complex trust?

kglass30
Level 2

How do i get the income to flow to the K-1 on a complex trust?

0 Cheers

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

4 Comments 4
Just-Lisa-Now-
Level 15
Level 15
going by memory here, I dont have the program open....Page 2 or 3 of the 1041 is a line for Income Required to be Distributed, once you fill that part in, the income should flow to the K-1s

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
kglass30
Level 2

Thank you Lisa,  I have done this and it still will not work.  It is a complex trust

0 Cheers
Just-Lisa-Now-
Level 15
Level 15
what kind of income is it? I know capital gains dont flow out to the K-1s unless you allocate them to the benes near the bottom of Sch D.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15

Apart from capital gains, is there net income or a net loss on the return?

The more I know, the more I don't know.