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Get your taxes done using TurboTax
If there is interest and dividends on the 1041-K1, these same amounts should show up on the Form 1040. The K1 is used to carry the taxable income from the trust to the individual as you know. Keep in mind that if the amount is less than $1,500 for either then Schedule B will not be required.
The amounts should show up on Form 1040, Lines 2 & 3.
- Open or continue your return. (TurboTax Online)
- With the Tax Tools menu open, you can then:
- View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.
- TurboTax CD/Desktop - Select Forms (upper right) > Scroll to Form 1040
- See the images below
[Edited: 02/24/2022 | 1:50p PST] @Bozodclown
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‎February 24, 2022
1:15 PM