Margaret CPA in OH Posted March 2, 2022 Report Posted March 2, 2022 Client has a trust K-1. When I input the data, this form suddenly appeared thinking it is related to H, Adjustment for section 1411 net investment income or deductions, -10,753. Never have seen this before. Since Box 5 has $19,960 Other portfolio income, maybe it's related to that? Quote
Lee B Posted March 3, 2022 Report Posted March 3, 2022 "Consent to Extend the Time to Assess Income Tax" "Estimated Future Common Expense Allowance for Real Estate Sales Under Contract" Interesting form, Margaret, how do you even find stuff like this? Quote
Margaret CPA in OH Posted March 3, 2022 Author Report Posted March 3, 2022 24 minutes ago, cbslee said: "Consent to Extend the Time to Assess Income Tax" "Estimated Future Common Expense Allowance for Real Estate Sales Under Contract" Interesting form, Margaret, how do you even find stuff like this? Just lucky, I guess! I did look it up but still don't understand why the entries from the K-1 seemed to make this automatically appear. I will contact the client for any insight. I doubt there will be immediate help however. The trust was set up after father died last year and brother (I think, or other relative) is trustee. It may have to go to the trustee. Then again, maybe it's just ATX gremlins, you know. I could ask on the ATX Community Board but it seems to have disappeared. At least I couldn't find it. Another WK coup? 1 Quote
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