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Yes, based on the figures you provided, here is a breakdown of how to handle those entries.   1. Calculating Gross Income Sourced at Beneficiary Level Your calculation for the "Total" is almost right, but there's an important detail with the Foreign Source income to keep in mind.   Ordinary Dividends (2a): $11,976 Tax-Exempt Interest (14A): $7,822 Section 199A REIT Dividends (14I): $67 Total Gross Income: $19,865   The "Foreign Source" amount: You mentioned $5,350 as your foreign source income. You should verify this number against the Statement/Attachment that came with your K-1 (usually associated with Box 14, Code B).   If your statement explicitly says that $5,350 of your dividends are foreign-sourced, then your math is correct. US Source Calculation: $19,865 (Total) - $5,350 (Foreign) = $14,515.   2. Deductions Allocated/Apportioned at Beneficiary Level This screen is asking for expenses that the trust incurred which reduce the income being passed to you.   Yes, you should list those deductions. These expenses (Fiduciary fees, Attorney fees, etc.) are "apportioned" against the gross income to find your net foreign taxable income.   Total Deductions to enter: $5,862 in Box 11.    3. Reviewing the Other Boxes Here is a quick check for the remaining items you mentioned:   Box 12 (AMT): Codes A and J represent your Alternative Minimum Tax adjustments. Ensure you enter these so your software can determine if you owe AMT (though most people don't hit the threshold these days).   Box 14, Code B ($407): This is the actual Foreign Tax Paid. This is the most important number for your credit. It makes sure you get a deduction (or a reduction) for taxes the trust has already paid to a foreign country.   Section 199A (REIT): When the software asks about the "Qualified Business Income" or "199A" screen, enter the $67. This gives you a 20% deduction on that specific slice of income. Listed in Box 14 with code I $67.