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Business & farm
Many thanks, tagteam, for the answer to the first part of my question.
For the second part, the k-1 to the beneficiary trust from the main trust is correct. When I open the beneficiary trust that received the K-1, it requires me to complete the K-1 for the main trust again for the beneficiary trust return. Boxes 5 and 9A are filled out on the main trust K-1 on the beneficiary trust form site but Box 7 is not. Why did Box 7 not carryover from the K-1 for the beneficiary trust as shown on the main trust form site.
I completed the main trust K-1 for the beneficiary trust on the beneficiary trust site and that cured the problem.
‎February 23, 2023
10:43 PM