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Including income from Passthrough Entities in Trust Accounting Income in ProConnect Tax

SOLVEDby IntuitUpdated June 28, 2023

Including income from pass-through K-1 activities in the trust Accounting Income Analysis statement

  1. From the Input Return tab, go to General  Accounting Income.
  2. In the Accounting Income Option Overrides section, input a 1 in Include flow-through K-1 entries: 1=yes, 2=no [Override].

Note: The Accounting Income analysis only generates for Trusts.  If the Fiduciary return is designated as an Estate in the Client Information screen then the Accounting Income form will not generate in the return.

To change the designation to Trust:

  1. From the Input Return tab, go to General  Client Information.
  2. Scroll down to the Miscellaneous Info section.
  3. Use the Type of Entity drop down input to select the applicable entity type:
    • 2=Simple Trust
    • 3=Complex Trust
    • 6=Charitable Trust
    • 7=Qualified Funeral Trust
    • 9=Qualified Disability Trust

Any of those five options will generate the Accounting Income form. Any other entity type will not generate the form.

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