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Business & farm
This sounds like this is for a trust account. So when you prepare your K1 and after entering the information about the trust:
- When it asks to check the boxes that have an amount, check Boxes 1-5 and Box 14>continue
- In the first screen, record the amounts reported for box 2A & 2B>continue
- now report the 4A & 5 amounts into the return from your k-1>continue
- Now for Box 14, select the first drop-down arrow>select A and then record the amount given on the K-1 for 14A (170)
- Now, one line below that, select the drop-down>select B and record the amount for 14B (20)
- Now, select the third dropdown>select H and then record the amount (-5888)
I have have included this screenshot for the box 14 information to illustrate what i just outlined.
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March 22, 2023
5:54 AM