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Entering distributions for beneficiaries on Form 1041
by Intuit• Updated 1 year ago
Before you begin:
You must have at least one beneficiary entered in Screen 6, Beneficiary/Grantor Information before entering in the percentage or dollar amount of distributions.
Additional Notes:
- If you're unable to make entries on Screen 7, 1041 Distributions, or receive a Data Entry Error, "Value must be between 0 and 100" make sure that beneficiaries have been entered on Screen 6, Beneficiary/Grantor Information.
- If you need to adjust the amounts generated on the K-1 for the beneficiaries, this can be done on Screen 43, Schedule K-1 Overrides/Misc.
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