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Business & farm
Ok, I was able to see the K-1's in forms view. I still can't print them as above. That is some kind of bug that needs to be fixed.
But I was able to hack this dumb program by print previewing each form and then saving it. This gave me a copy although it doesn't look the same as a regular IRS form but looks more like a worksheet. But whatever. I have the copies I need to send to the beneficiaries so no need to keep beating this sorry horse.
Other related questions before I e-file:
1. The beneficiary distributions are entered on 1041 Schedule B/Line 9 as "Income required to be distributed currently" totaling $60,430. Are beneficiary distributions considered income??? I did not think so but somehow the program led me to fill out info that results in the distributions being listed as so. Is it correct or do I need to go back and change something?
2. On 1041 Other Information (near the end) Line 8 states "If the decent's has been open for more than 2 years, attach an explanation for the delay in closing the estate, and check here".
I checked this box but was not provided an opportunity by TT to compose the required explanation. How do I fix this?
3. As the executor, I earned a mandatory fee on work done on the estate per the state of NJ schedules. Does the estate need to generate me a 1099 form for the earned amount or can I just file that amount as part of my personal 2021 tax return? If I need to generate a 1099, how do I go about doing that?