topic Re: form 1041 for 2019 in Business & farm

form 1041 for 2019

MfavC — Mon, 27 Apr 2020 13:21:53 GMT

form 1041 K-1 for 2019 does not print lines for partner capital account analysis. this is first year using turbo tax for this trust

Re: form 1041 for 2019

Anonymous_ — Mon, 27 Apr 2020 14:18:41 GMT

The K-1 that is generated as a result of preparing Form 1041?

Re: form 1041 for 2019

MfavC — Mon, 27 Apr 2020 14:22:03 GMT

yes

Re: form 1041 for 2019

Anonymous_ — Sun, 22 Dec 2024 23:34:28 GMT

Re: form 1041 for 2019

MfavC — Mon, 27 Apr 2020 16:06:16 GMT

how do i read the replies?

Re: form 1041 for 2019

Anonymous_ — Sun, 22 Dec 2024 23:34:55 GMT

Re: form 1041 for 2019

MfavC — Mon, 27 Apr 2020 16:57:14 GMT

On computer. am just confused as this is first time using this support. I see my replies and yours but don't see a solution as referred to in the email

Re: form 1041 for 2019

Anonymous_ — Sun, 22 Dec 2024 23:35:10 GMT

Re: form 1041 for 2019

macuser_22 — Mon, 27 Apr 2020 17:05:25 GMT

@Anonymous_ The links you posted only link back to this same thread - just loops back here again.

Re: form 1041 for 2019

Anonymous_ — Sun, 22 Dec 2024 23:35:29 GMT

Re: form 1041 for 2019

Anonymous — Tue, 28 Apr 2020 18:54:35 GMT

a 1041 (estate or trust) does not have partners and there are no capital a/c's. however, it can invest in them unless barred by the trust/estate document. such an investment can create reporting problems for both the entity and its beneficiaries. there are numerous rules like passive loss limits, at risk limits, basis limits, income form negative basis, etc.