alyle99
Level 3
08-02-2020
09:40 AM
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I am getting error code 25512 regarding unequal distributions on a 1041. The distributions are equal so not sure how to clear.
Total beneficiary's short-term capital gain percentage entered on , 1041 Distributions: Distribution Percentages is greater than 100%. The total percentage entered in the Short-term columns for Required and Other (Schedule B, lines 9 and 10) can not equal more than 100% for all beneficiaries. If 100% is entered in for both Required and Other then 200% of DNI or TAI is distributed to beneficiaries.
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George4Tacks
Level 15
08-02-2020
10:04 AM
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Did you do required or other. DO NOT DO BOTH
How many beneficiaries? Input as full numbers not decimal, i.e. 50% is 50 NOT .5
Here's wishing you many Happy Returns
alyle99
Level 3
08-02-2020
10:13 AM
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Thank you!
bkris
Level 2
03-13-2021
02:11 PM
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Thanks
