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Level 1
posted Mar 16, 2025 9:08:30 AM

1041

My 1041 is not showing the distribution to the beneficiary as a deduction   

0 3 485
3 Replies
Level 15
Mar 16, 2025 9:20:25 AM

Did you make a distribution in the program?

 

It should appear on your 1041 on Line 18 as an IDD.

Level 1
Mar 16, 2025 10:19:48 AM

Yes, I input the amount I want to distribute to the beneficiary on the distribution screen as a first tier distribution but it doesn’t carry over to line 18 of the 1041 as a deduction.  Also I can’t get distribution amount to be allocated to the beneficiary on line 2b(1) of the 1041.  It’s all being allocated to the trust.  I would appreciate any ideas on how to fix this

Level 15
Mar 16, 2025 10:26:34 AM

Can you try a percentage. For example, if one beneficiary is getting all of the income, then have you tried 100%?

 

You can also try going into forms view and changing the figures on the K-1 (I believe there's a K-1 worksheet and/or a distribution worksheet).