swongtax
Level 4
08-12-2020
05:10 PM
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I am working on duplicating a Form 1041 Estate Complex Trust Return, and I have two questions:
The Trust has not distributed any income to any of the 3 beneficiaries (all income is accumulated in the Trust):
1. Are Schedule K-1 forms showing zero numbers required to be generated with the Federal form 1041?
2. Form 2 (MA state), is Schedule B/R showing percentages of the 3 beneficiaries required if there is no distributions? I cannot get the software to generate these forms unless there are distributions. However, the return I am studying includes Schedule B/R with no income distributions and 3 schedule 2K-1 (with no income distributions), just showing names and tax id of all beneficiaries.
Thank you!
Sui