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Posted

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!

Posted

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?

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