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Level 1
posted Feb 20, 2024 4:07:51 PM

CA K-1 541. (2023)

With regard to form CA K-1 (541) , it appears to me that TT has added text to line 14D which is used to report "Other Information." Line 14 of the official version of the form which I looked up online reads:  "d  Other Information." The TT version has changed 14D to say "Total Gross Receipts."  Why??  I checked the original because I noticed that "total gross receipts" is in a different font than the rest of the form. The trust is reporting a capital loss on the sale of a home reported on Schedule D. Am I meant to take the sales amount from Schedule 
D and transfer it to K-1 14d? 

On another matter- I was taken by surprise when I filed my 1041. I had been working on CA 541 but hadn't checked it for errors and wasn't even entirely sure I was required to file. So, I was holding off on CA 541 but went ahead with filing 1041. TT went ahead and filed BOTH federal and state. In the past they've always filed separately, one at a time. It was especially weird since I had only run a check for errors on the federal. 

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