I'm having difficulty generating amounts on beneficiaries K-1s for an estate in the fiduciary module.

Forum|Forum|4 years ago
March 28, 2022
2 replies
17 views

this is a second year fiduciary. It is classified as an estate. Last year, there was no activity. This year, there is income and some stock losses. The interest/dividends or losses are not flowing through to the beneficiary K-1s. What am I doing wrong? I have the designation percentages correct in screen 7.

Lacerte Tax

This topic has been closed for replies.

sjrcpa

Level 15

Were distributions actually made to the beneficiaries?

The more I know the more I don’t know.

K

KellieWAuthor

Level 2

Mainly interest/dividend income and one beneficiary has a distribution.

joshuabarksatlcs

Level 9

Screen 7: %'s in both required and other?

If trust has net income (before income distribution deduction IDD) , and NO Sch B Override (for IDD) , Line 18 on 1041 still shows zero, you need to contact Support. Probably, there is an entry somewhere blocking the IDD and K-1 distribution. Lacerte 1041 is working properly, so far I can see..

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joshuabarksatlcs

Level 9

N

I come here for kudos and IRonMaN's jokes.

joshuabarksatlcs

Level 9

Net income or net loss?

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