PatriciaV
Expert Alumni

Deductions & credits

When the Form 1041 Schedule K-1 is correctly entered in TurboTax, Box 9 Depreciation flows to Schedule E as part of the total trust income. Apportioned Depreciation is not an adjustment. 

 

All Schedules E for the individual's 1040 return are totaled on Schedule E Line 32. This total is ultimately included on Schedule 1 Line 5 and contributes to Other income on Form 1040 Line 8.

 

No overrides are necessary on any of the forms listed above. If you see a number in a red font or a form box that turns red, that entry invalidates the return for e-filing and voids the TurboTax guarantees.

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