IreneS
Expert Alumni

Business & farm

I suspect you entered the federal K-1 as coming from a partnership and not a trust. 

  • Schedule K-1 (Form 38) is the Beneficiary's Share of ND Income (which is what you want).  
  • Schedule K-1 (Form 58) is the Partner's Share of ND Income

You need to go back to the Federal return, delete the K-1 from a partnership and enter a K-1 for a Trust.  To do this, please follow these steps:

Step 1.  Delete the Partnershp K-1

  1. Click on Federal Taxes > Wages & Income
  2. Under Business Items section, click on the Update box next to Schedules K-1, Q.  
  3. Click Yes on the next screen, Schedules K-1 or Q.
  4. On the Tell Us About Your Schedules K-1 screen, click on the Start/Update box next to Partnerships/ LLCs (Form 1065).  
  5. On the Partnership/LLC K-1 Summary, click Delete next to the K-1 entered.   
  6. Confirm the deletion on the next screen.
  7. You will be brought back to the Partnership/LLC K-1 Summary screen, click the Done box.

Step 2.  Enter the Trust K-1

  1. You will be brought back to the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box  next to Estates or trusts (Form 1041).  
  2. Continue through the screens, entering the requested information.



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