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1041 Complx Trust Schedule E

I am using a tax program which shows the allocation of income to the trust,  rather than the beneficiaries.  There is Rent Income and Depreciation expense that is net negative income due to depreciation.  In the past years the program allocated both the rents and depreciation separately to the K1, but now it is to the trust. Is there a reason why?

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1 Reply
RobertB4444
Expert Alumni

1041 Complx Trust Schedule E

If it is allocated to the beneficiaries then it will carry over to the K-1.  You may have to tell the program to do this for you.

 

@wremstedt 

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