Hi Robert,
You said this: if the gross income for the year is greater than $10,000
Similar situation - wife's mother passed, left behind a commercial building. I have a California K-1 (541) for income around $3500, but other members of the family got a similar cut. Is your $10k reference for everyone, or the individual?
Also, I have opened the "open form" section in TurboTax Home and Business. I found "Schedule K-1 Worksheet - Estates and Trusts" but the form I have is titled "beneficiary's share of income, deductions, credits, etc." Am I using the correct form? I'm thinking probably not because my form has sections A, B, C, D and E near the top - but the form in TurboTax does not show those - it starts with rows 1-14.
