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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
- Click on Federal Taxes > Wages & Income
- Under Business Items section, click on the Update box next to Schedules K-1, Q.
- Click Yes on the next screen, Schedules K-1 or Q.
- On the Tell Us About Your Schedules K-1 screen, click on the Start/Update box next to Partnerships/ LLCs (Form 1065).
- On the Partnership/LLC K-1 Summary, click Delete next to the K-1 entered.
- Confirm the deletion on the next screen.
- You will be brought back to the Partnership/LLC K-1 Summary screen, click the Done box.
Step 2. Enter the Trust K-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).
- Continue through the screens, entering the requested information.
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‎June 1, 2019
1:38 PM