Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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

Bikingcpa
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?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
sjrcpa
Level 15

Calculate manually and then override in the software.


Ex-AllStar
Bikingcpa
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.

0 Cheers