Question
Fiduciary income tax returns
In the final year of an estate, I entered the dollar amount of distributions and the amounts are different on the income tax return. for example - 8 of the beneficiaries share on Distributable Net Income is 155 each, but when I look at K-1 the some amounts go to 156 and some to 155 and some 154 on line 5 of the K-1. Why does the program do this and how do I correct it?
I first tried the percentages for distribution but that was way off.
