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1041 Margin Interest

ShawnCA
Level 3

Ordinary/Qualified Dividends 7000; STCG 38000; LTCG 43000.

Margin Interest - 4000

All income assigned to and distributed to beneficiary.

Form 4952 - How to get the margin interest to flow through to the beneficiary's K-1?

 

 

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3 Replies 3
sjrcpa
Level 15

The K-1 income-dividends- should be passed through on the K-1 net of the proportionate share of investment interest. It is not a separately stated item for fiduciary returns.


ex-AllStar
ShawnCA
Level 3

Thanks.  I forgot I could just put the interest directly on the 1041

sjrcpa
Level 15

You're welcome.


ex-AllStar