Question
How to enter a passthrough entity's K-1 into 1041 program (Lacerte)
Long time user, first time question asker! Working on a trust return that has 4 passthrough entity K-1's to enter (all of them real estate rental partnerships). What do I do with Cash Distributions from the partnership K-1's (box 19A)? There is just 1 beneficiary....does all the income in box 1 and 2 flow through to his K-1 from the Trust (less any deductions on the K-1)? Thanks in advance to anyone who can help me out here....
JoAnn M., EA
