The K-1 that is generated as a result of preparing Form 1041?
On computer. am just confused as this is first time using this support. I see my replies and yours but don't see a solution as referred to in the email
@Anonymous_ The links you posted only link back to this same thread - just loops back here again.
a 1041 (estate or trust) does not have partners and there are no capital a/c's. however, it can invest in them unless barred by the trust/estate document. such an investment can create reporting problems for both the entity and its beneficiaries. there are numerous rules like passive loss limits, at risk limits, basis limits, income form negative basis, etc.