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TTgirl
Returning Member

Sale of property has been entered, interest from bank entered, and rental income entered for our trust but when I go to distribute K-1, no amounts carry over to the K-1.

 
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Accepted Solutions
tagteam
Level 15

Sale of property has been entered, interest from bank entered, and rental income entered for our trust but when I go to distribute K-1, no amounts carry over to the K-1.

"...no amounts carry over to the K-1."

Ensure that you have gone through the Distributions section in Step-by-Step Mode (see first screenshot).

Subsequently, enter Forms Mode (click the Forms icon in the upper right side of the screen), open your K-1s and ensure that each has a percentage entered in Part B of the Beneficiary's Allocation Smart Worksheet (see second screenshot).

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1 Reply
tagteam
Level 15

Sale of property has been entered, interest from bank entered, and rental income entered for our trust but when I go to distribute K-1, no amounts carry over to the K-1.

"...no amounts carry over to the K-1."

Ensure that you have gone through the Distributions section in Step-by-Step Mode (see first screenshot).

Subsequently, enter Forms Mode (click the Forms icon in the upper right side of the screen), open your K-1s and ensure that each has a percentage entered in Part B of the Beneficiary's Allocation Smart Worksheet (see second screenshot).

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