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Drphibes
Level 6
March 27, 2024
Question

Irr. Trust received a K-1 from LLC with charity on K-1

  • March 27, 2024
  • 1 reply
  • 3 views

An irrevocable Trust received a K-1 from an LLC filed as a Partnership that has charity in Box 13 A from the LLC.  The Trust acts as a pipe for income in and out to 1 beneficiary.  Is there a way to flow the charity from the K-1 of the LLC out the K-1 of the Trust to the beneficiary.  Have spent some time looking for a K-1 entry.  Thanks in advance!

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1 reply

sjrcpa
Level 15
March 27, 2024

No. It's lost.

The more I know the more I don’t know.
Drphibes
DrphibesAuthor
Level 6
March 27, 2024

Yikes!