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hampier08
Level 2
July 11, 2020
Question

QSST

  • July 11, 2020
  • 1 reply
  • 8 views

Does lacerte have the option to automatically distribute the income of an S-corporation or does it have to be manually done?

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1 reply

qbteachmt
qbteachmt
Level 15
July 11, 2020

Distribute it, how?

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    hampier08Author
    Level 2
    July 11, 2020

    To clarify - to show the distribution on the beneficiary's K-1.  The only item that will be distribute through the K-1, or flow to the beneficiary, is the income from the S-corp. It is a complex trust where all income accumulates in the trust.

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