Entering a Box 14, Code H Adjustment for Section 1411 from a Fiduciary K-1 into a return in ProConnect

To enter the amounts for the adjustment:

1. From the Input Return tab, go to Taxes ⮕ Other Taxes ⮕ Schedule J, Recapture, Other Taxes.
2. Locate the Net Investment Income Tax (Form 8960) section.
3. Enter the amounts from the Schedule K-1 in the Other modifications to investment income [Adjust] input.
   • Enter the amount exactly as it is on the Schedule K-1.
   • If it's a negative number, enter as a negative; if a positive number, enter as positive.

This will take the amount directly to Form 8960, Line 7 and incorporate it into the computation for receiving the fiduciary's net investment income and deduction adjustment, and will also be included in the receiving fiduciary's beneficiary(ies) Schedule K-1, Box 14, code H.