- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
K1 errors - do I need to list cash distributions to beneficiaries from checking accounts?
TurboTax Business, filing estate return for deceased father. Distributed equal shares to each beneficiary from sale of house, and also made a final distribution of remaining assets left in the estate after paying bills - mostly cash from his bank account. TurboTax didn't ask me to assign percentages but is telling me the beneficiary percentages don't equal 100%. When I look at the form view, there is no way to enter percentages. So I'm not sure if I'm supposed to enter the distributions from the house sale separately from the cash distributions from the bank account. |Am I? Why am I getting an error?
Topics:
‎February 23, 2024
9:18 AM