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How do i get the income to flow to the K-1 on a complex trust?

kglass30
Level 2

How do i get the income to flow to the K-1 on a complex trust?

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15
going by memory here, I dont have the program open....Page 2 or 3 of the 1041 is a line for Income Required to be Distributed, once you fill that part in, the income should flow to the K-1s

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
kglass30
Level 2

Thank you Lisa,  I have done this and it still will not work.  It is a complex trust

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Just-Lisa-Now-
Level 15
Level 15
what kind of income is it? I know capital gains dont flow out to the K-1s unless you allocate them to the benes near the bottom of Sch D.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15

Apart from capital gains, is there net income or a net loss on the return?


Ex-AllStar