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Level 2
February 13, 2024
Question

K-1 Partner Entity Type is Revocable Trust

  • February 13, 2024
  • 2 replies
  • 19 views

Choosing type R for Revocable Trust,  getting an error when trying to enter a name and SSN for the disregarded entity.  Choosing DE, getting an error when entering a SSN says FEIN is required.

What's the correct way to complete the K-1 for a Revocable Trust?

Thanks!  

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    2 replies

    ljr
    Level 9
    February 13, 2024

    if it's revocable isn't all the info in the persons social security number and it would just be input directly onto the personal return

    Level 2
    February 15, 2024

    Yes, but working on the partnership return.  The partner is a revocable trust.   

    Just-Lisa-Now-
    Intuit Community Champion
    February 15, 2024

    A revocable trust reports on a 1040 with an SSN, just like an individual, the program may be expecting an EIN for a trust of any flavor.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    dascpa
    Level 11
    February 13, 2024

    Enter I for individual, it is not a trust that requires a different code until the person passes and it becomes irrevocable.