Fiduciary 1041 passthrough income apportioned to income or corpus in ProConnect Tax

To report estate or trust income from pass-through entities that should be reported as trust accounting income, review the instructions below.

1. From the Input Return tab, go to General ⮕ Accounting Income. 
2. In the Accounting Income Option Overrides section, enter a 1 in Include flow-through K-1 entries: 1 = yes, 2 = no [O].
   • Entering 1 will include income and expense items from a flow-through Schedule K-1 in trust accounting income.
   • Entering 2 will exclude income and expense items from a flow-through Schedule K-1 in trust accounting income (this is the ProConnect default).