Complex trust with QSST K-1. How do I prevent the K-1 from the S-corp from flowing through the 1041 and instead generate the statement to the beneficiary?

ggadway · ‎10-15-2023

For a complex trust with a grantor portion (QSST). How do I prevent the K-1 from the S-corp from flowing through the 1041 and instead generate the statement to the beneficiary? Also, how do I select both complex trust and grantor trust on the 1041?

sjrcpa · ‎10-15-2023

https://proconnect.intuit.com/support/en-us/help-article/federal-taxes/file-esbt-return-proconnect/L...

Ex-AllStar

ggadway · ‎10-15-2023

Thank you.

The client made the QSST election, not the ESBT election.

sjrcpa · ‎10-15-2023

Sorry. I misread.

Ex-AllStar

sjrcpa · ‎10-15-2023

I think you have to do two returns in the software.

Combine the relevant pages and paper file.

Ex-AllStar

ggadway · ‎10-16-2023

Thank you, I really appreciate your help!