Entering distributions for beneficiaries on Form 1041 in ProConnect Tax

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.

Follow these steps to enter Beneficiary Distributions by percentages:

1. Go to Input Return ⮕ Beneficiary/Grantor Information ⮕ 1041 Distributions.
2. Select Distribution Percentages.
3. Click the blue Details button to expand the input screen.
4. Enter the percentage amounts to be distributed for Ordinary.
5. Enter the percentage amounts to be distributed for Short-term.
6. Enter the percentage amounts to be distributed for Long-term.

Enter the percentage amounts for the different types of income:

• Under the Required (Sch. B, line 9) subsection for income required to be distributed.
• Under the Other (Sch. B, line 10) columns for distributions that aren't required and final year returns.

The combined percentages in both the Required and Other columns must not equal more than 100%. This will cause the percentages to be too high and cause a critical diagnostic to generate.

Follow these steps to enter Beneficiary Distributions by dollar amounts:

1. Go to Input Return ⮕ Beneficiary/Grantor Information ⮕ 1041 Distributions.
2. Select Dollar Distributions.
3. Click the blue Details button to expand the input screen.
4. Enter the dollar amounts to be distributed for Ordinary.
5. Enter the dollar amounts to be distributed for Short-term.
6. Enter the dollar amounts to be distributed for Long-term.

Enter the dollar amounts for the different types of income:

• Under the Required (Sch. B, line 9) subsection for income required to be distributed.
• Under the Other (Sch. B, line 10) subsection for distributions that aren't required and final year returns.

Additional Notes:

• 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.