1041 form K1

Forum|Forum|5 months ago
February 6, 2026
2 replies
30 views

I'm filing a 1041 for a trust. Dividend income goes to one beneficiary, and farm income goes to the other beneficiaries. On the K1, TurboTax is allocating the dividend income to all beneficiaries, and will not let me adjust it.

TurboTax Business Windows

M-MTax

Level 15

That is the default. You would have to make an adjustment in forms mode.

joestokely-yahooAuthor

Level 2

Thanks. TurboTax will not let me make the change in forms.

M-MTax

Level 15

You might have to do an override and not necessarily directly on the K-1s (i.e., there is likely a worksheet that needs to be adjusted).

joestokely-yahooAuthor

Level 2

Thanks. TurboTax will not let me adjust the worksheet.

1041 form K1

2 replies

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