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- k-1 on 1041 wrong anyone else see this
k-1 on 1041 wrong anyone else see this
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michele
Level 7
02-07-2024
11:53 AM
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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
02-07-2024
12:45 PM
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Are there expenses?
Is the K-1 LTCG amount less than the 1041 page 1 LTCG?
Ex-AllStar
