ETax847 Posted April 11, 2022 Report Posted April 11, 2022 I have a client who is filing a 1041 Tax Return. He distributed $100k to 5 different beneficiaries. When I am completing the Input form for the Sch K-1, the distributed amounts aren't populating on the K-1. Any idea how I enter the $20k distribution so it populates on the K-1? The Tier 1 distribution and Tier 1 percent of total lines are confusing me. Thanks for your help! Quote
Abby Normal Posted April 11, 2022 Report Posted April 11, 2022 Distributions don't show on a 1041 K1 because they don't matter. What will show is any income, less expenses, that is passed out as part of those distributions. Did you enter the distributions on page 2 of the 1041? 2 Quote
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