Entering Line 14E net investment income from an estate or trust K-1 in ProConnect Tax

For more Schedule K-1 resources, check out our Tax topics page for Schedule K-1 where you'll find answers to the most commonly asked questions.

ProConnect Tax doesn't have specific input for Line 14E, Net Investment Income from an estate or trust Schedule K-1. To enter this information, follow these steps:

1. From the Input Return tab, go to Income ⮕ Passthrough K-1's. ⮕ Estate or Trust Info (1041 K-1).
2. Select the appropriate entity in the Estate or Trust tabs.
3. Go to the Line 9-14 tab.
4. Scroll to Line 14 - Other Information.
5. Enter the amount in the field Other investment income - Form 4952 (portfolio income automatic) [Adjust].
6. The amount will flow to Form 4952, Line 4a when the form is being generated. The amount will also show on the federal K-1 Reconciliation Worksheet under the Form 4952 section.