I am in the process of completing my trust return that is a form 1041. I have two beneficiaries each receiving exactly the same amount of a distribution. On the K-1 item 4a for one beneficiary the number is a positive number of 54,303 For the other beneficiary the number is a negative number -23,351. See below
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There is a BUG (?) in the software. One of 2020 beneficiaries did not receive a distribution in 2021 so I left the distribution amount blank. The software did not know how to treat a blank i.e. null amount and posted last year (?) or some unknown (?) percentage for the 2021 distribution for this beneficiary this caused more than 100% for the total distribution and cause the error. When I entered $0.0 the program work OK.
I think you need to check both the information you entered for each beneficiary and also the Distributions section of the Interview (Step-by-Step).
There is an input error somewhere.
There is a BUG (?) in the software. One of 2020 beneficiaries did not receive a distribution in 2021 so I left the distribution amount blank. The software did not know how to treat a blank i.e. null amount and posted last year (?) or some unknown (?) percentage for the 2021 distribution for this beneficiary this caused more than 100% for the total distribution and cause the error. When I entered $0.0 the program work OK.
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