This article will show you how to enter distributions for beneficiaries on Form 1041 in Intuit ProConnect.
Before you start:
- You must have at least one beneficiary entered on the Beneficiary/Grantor Information screen before entering in the percentage or dollar amount of distributions.
- If you're unable to make entries on the 1041 Distributions screen, or receive a Data Entry Error ("Value must be between 0 and 100"), make sure that beneficiaries have been entered on the Beneficiary/Grantor Information screen.
- If you need to adjust the amounts generated on the K-1 for the beneficiaries, this can be done on the Schedule K-1 Overrides/Misc screen.