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You could check the 2023 tax return for that client to see how it was reported - the 1099-R was probably filled out the same way.
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The $1,263,447 on the face of the K-1 is just the sum total of the 199A income and UBIA footnotes. It does not get entered separately.
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The purpose of the DNI deduction is to give the trust a deduction for the income transferred to the beneficiary on Schedule K-1. The two are linked, so if no be...
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The only box that relates to property, which is UBIA Unadjusted Basis Immediately After Acquisition.
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On Screen 17.2 Dispositions, input the sale proceeds & cost as per the 1099-B, then scroll down to the Section titled Schedule D and input the market discount n...
