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?
01443
1 Replies
IreneS
Intuit Alumni
Jun 1, 2019 8:55:59 PM
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.