1041 K-1's not matching 1041 tax return

[RG]

Working on my first 1041 in 25 years.  I have no alternative min. tax on the 1041 but the software is putting an amount on line 12 of the K-1 with an A. On the schedule I the return shows on line 27 $371.00 but because it is less than $25,400 there is no alternative min. tax due.  Should the beneficiaries be charge the alternative min. tax?

[Accountant-Man]

Does the 1041 have a deduction for taxes?

[sjrcpa · Accepted solution]

12A is information for the beneficiaries  to use in their AMT calculations. It is not AMT.

[RG]

Yes property tax paid on some real estate 

[Accountant-Man]

Tax is an AMT adjustment.

[RG]

Thank you so much

[RG]

Thank you so much for your help

[sjrcpa]

You're welcome.