My funeral trust in Indiana didn't send a real K-1 form, instead they sent a letter stating what they filed, and it is supposed to be 127.00 of income, help!
They sent a very sketchy letter, which just shows an abbreviated gain and loss statement, how do I get the 127.00 to show as income?
02562
1 Best answer
akoluch
New Member
Jun 6, 2019 4:27:34 AM
Hello:
The solution was to request that the association send Form 1041, Schedule K.
Andrew
2 Replies
akoluch
New Member
Jun 6, 2019 4:27:34 AM
Hello:
The solution was to request that the association send Form 1041, Schedule K.
Andrew
IsabellaG
Expert Alumni
Jun 6, 2019 4:27:37 AM
If this isn't a US entity, and you don't get a Form K-1 from this, enter the income as Other Income.
First, go
to Federal Taxes and
select Wages and Income.
Scroll
down to Less Common Income
Choose
the last item, Miscellaneous Income
On Let's Work on Any Miscellaneous Income choose
the last selection, Other reportable income (at the bottom of the list).