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Returning Member
posted Feb 22, 2023 6:16:03 PM

How do I enter schedule K-1 Box 11A (estate beneficiary deduction) data into form 1040 line 24k?

Beneficiary's Share of Income, deductions, Credits, etc.

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1 Replies
Level 15
Feb 22, 2023 6:56:50 PM

Line 11A represents Section 67(e) expenses and you can enter that figure on the appropriate line in the K-1 section.

 

Be sure to select Estates or Trusts (Form 1041) and note that you may have to upgrade to Premier if you are using the online version of Deluxe.