michele
Level 7

1041 has  interest income. and is entered as interest income.  It is not showing up on k-1 it is throwing it  into long term capital gains. Which the return does have long term capital gains but why is the interest showing up there.  I had to do an override on all the beneficiary's k-1 and enter them manually.

 

thx Michele

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sjrcpa
Level 15

Are there expenses?

Is the K-1 LTCG amount less than the 1041 page 1 LTCG?


Ex-AllStar
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