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K-1 trust income not flowing through to 1040SR
@barbgrote wrote:
Box 14 Code E
A figure on that line with that particular code propagates to Form 4952 and is used to calculate the investment interest expense deduction. If you do not have investment interest, you may never see this form.
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K-1 trust income not flowing through to 1040SR
But I do have a largish amount of income on this K-1 that needs to be taxed as ordinary income.