- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The $600 exemption is not entered on your K-1; that is not part of the equation for an initial and final return with a complete distribution to the beneficiaries (only when there is net income for the estate).
If you completed Schedule B, properly, then you should have a figure for DNI.
Regardless, the distribution on your K-1 should be in the neighborhood of $12,800 (from the information you posted) and that figure would appear on Line 5 (in Part III).
‎April 11, 2021
10:47 AM