Solved: For 1041, how does T.Tax calculate line 10 of Part...
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For 1041, how does T.Tax calculate line 10 of Part 2 of Form 8960? When I select 'data source' for line 10, it shows the numbers but T.Tax doesn't add them correctly.

Using T.Tax Business for 2019 for a trust. Wondering if some strange calculation is applied to the 'data source' figures or what.
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Level 15

For 1041, how does T.Tax calculate line 10 of Part 2 of Form 8960? When I select 'data source' for line 10, it shows the numbers but T.Tax doesn't add them correctly.

Refer to the Distributable Income for Schedule(s) K-1 form (in Forms Mode, obviously).

 

Then refer to the instructions for Form 8960.

 

See https://www.irs.gov/instructions/i8960#idm139700583085776

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Level 15

For 1041, how does T.Tax calculate line 10 of Part 2 of Form 8960? When I select 'data source' for line 10, it shows the numbers but T.Tax doesn't add them correctly.

Refer to the Distributable Income for Schedule(s) K-1 form (in Forms Mode, obviously).

 

Then refer to the instructions for Form 8960.

 

See https://www.irs.gov/instructions/i8960#idm139700583085776

View solution in original post

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