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Trust K-1 to 1040
I'm doing a 1041 for a trust for the first time. I'm wondering why some of the income on a K-1 isn't showing up on a K-1 recipients 1040. Only line 5 (other portfolio and business income) of the K-1 appears on the 1040 but nothing from line 1 or 2 (interest and dividends). Could this be correct? I'm using TT Business to prepare the 1041 and TT Deluxe for the 1040. I don't want to have these returns reviewed by a professional.
‎February 24, 2022
12:54 PM