topic Schedule K-1 form 1041 in Get your taxes done using TurboTax

Schedule K-1 form 1041

evol16 — Wed, 14 Apr 2021 13:41:13 GMT

Box 14 Foreign income- Will the amount be the same for gross income source of beneficiary level and gross income source of beneficiary level foreign source income? If not the same where can I find the amount of income for each of those?

Re: Schedule K-1 form 1041

Anonymous_ — Wed, 14 Apr 2021 14:00:12 GMT

Contact the trustee, but the figures should be the same.

Re: Schedule K-1 form 1041

Irene2805 — Wed, 14 Apr 2021 14:27:37 GMT

The trustee should be able to tell you if the foreign source income is the same amount as the gross source income.

The gross source income should be reported to you on lines 1-8 of the K1 from the trust/estate. The foreign source income should be reported on a statement attached to the K-1.