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Form 1041 - Mid year Successor beneficiaries - How to allocate K-1s

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Level 1

I have a taxpayer who was the sole beneficiary of a family trust that died during the year. Her interest was then allocated to three successor beneficiaries. How do I get the K-1s to reflect that properly?

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2 Replies 2
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Level 15

Calculate manually and then override in the software.


ex-AllStar
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Level 1

Thank you. Although I was optimistic that the software was robust enough to handle it,  I was afraid that might be the answer since I couldn't find any input areas that could address it.. I appreciate your quick response.

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