For 2021 tax year, Sch K-1 (1041) would be entered in Personal Income
Go down to Business Investment and Estate/Trust Income and then click on Sch K-1
Select Estates or Trust (Form 1041)
Enter all the information from the Sch K-1. For 2021, Box 5 is Other Portfolio Income
As for the expenses, they should be listed on the Sch K-1 and you may have to check the instructions for the beneficiary to determine where they go and if currently deductible.
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