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QSST

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Level 1
last updated ‎July 11, 2020 5:09 PM

Does lacerte have the option to automatically distribute the income of an S-corporation or does it have to be manually done?

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Level 12
last updated ‎July 11, 2020 5:09 PM

Distribute it, how?

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Level 1
last updated ‎July 11, 2020 5:09 PM

To clarify - to show the distribution on the beneficiary's K-1.  The only item that will be distribute through the K-1, or flow to the beneficiary, is the income from the S-corp. It is a complex trust where all income accumulates in the trust.

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