Under the 1041 Trust K-1 Statement, I have a separate sheet: "Statement of Beneficiaries Share of Income". Where do I enter that Total Net Income amount?
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Under the 1041 Trust K-1 Statement, I have a separate sheet: "Statement of Beneficiaries Share of Income". Where do I enter that Total Net Income amount?

 
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Level 14

Under the 1041 Trust K-1 Statement, I have a separate sheet: "Statement of Beneficiaries Share of Income". Where do I enter that Total Net Income amount?

It sounds like that is just a summary statement, taking into consideration all the forms of income and deductions, but you should check with the Trust that prepared the K-1.

All the information should be shown on the K-1 itself.

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