- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Have you entered distributions under Federal Taxes >> Distributions or on Schedule K-1 Part II Line A? TurboTax Business will automatically calculate the beneficiaries' percentages based on the distribution amount you have entered.
You have the option to remove the distribution amounts, which will eliminate the percentages on the Beneficiary's Allocation Smart Worksheet. Or you can change the percentages by changing the distribution amounts.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 22, 2026
8:55 AM