3223513
I am preparing a return for a simple trust with brokerage information from two 1099 forms. The total interest is $8. The interest shown on the K-1 is $120. I have gone back and checked my entries in the worksheet and they are correct. The correct amount of interest, $8, is shown under interest on the 1041. Why is this happening and what do I need to do to correct it?
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Thank you for your response.
Yes, I checked and the interest amount was entered correctly on the worksheet and is correct on the 1041. There is also dividend income and Capital Gains income. Both appear to be correct on the K-1. The worksheet and 1041 show $8 in interest, yet the K-1 shows $120.
This is a very simple return with nowhere I can see to make an error. Any help you can give will be sincerely appreciated.
Kay Archer
Curiously, the error looks to stem from the K-1 worksheet.
I'm not sure which distribution section you are referring to. As I remember there were two places that asked me that question. I listed 100% and then in the other place, I think it referred to capital gains and I entered the total dollar amount in that field.
Looks like the non-qualified dividends also didn't transfer correctly on the K-1 Worksheet
You are right, the wheels came off somewhere. I deleted the file, rebooted my computer and entered the information again. The result is different from the first time, but still incorrect. How can I get help with this?
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