How to input a Form 1099-S into TT Business to generate a K-1 for a Trust

[user17751408898]

How is a Form 1099-S input into 2025 Turbotax Business software in order to generate a Form K-1 for a Trust?

[M-MTax]

What type of real estate do you need to input?

It makes a difference whether it was a home, an investment property, a rental, etc.

[user17751408898]

The Form 1099-S was for Timber sales. 

[PatriciaV]

In TurboTax Business (Form 1041) Form 1099-S for the sale of timber is entered as Other Income or Loss, under Federal Taxes >> Income. You will need to calculate the amount of taxable gain or loss before making the entry, as the software provides limited input of a description and an amount. Your entries here will appear on Form 1041 Line 8 and Schedule K-1 Line 5.

You can trace the income flowing to Schedule K-1 on the Distributable Income for Schedule K-1 worksheet using Forms Mode. Right-click any number and choose "Data Source" or "About..." to learn more.