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Level 1
posted Mar 22, 2024 12:42:08 PM

Schedule K-1 Form 1041 asks for address which does not exists on the paper K-1

Turbo Tax asks for an address of the "Estate or trust" on the Schedule K-1 Form 1041.  There is no address listed for the trust on the paper K-1 form, just the trust's ID and Name.

 

Turbo Tax will not allow me to proceed without supplying the address.

 

Help.

0 2 1060
2 Replies
Level 15
Mar 22, 2024 12:48:56 PM

You can actually use your own address since the K-1 in TurboTax does not get transmitted or sent to the IRS; it is only for your records.

Level 1
Mar 23, 2024 7:54:34 AM

Thanks for your reply.  I was actually able to find the form, and it is asking for the Fiduciary's address, which is completely missing in the guided Step-by-Step on-screen instructions. 

 

My comments below are for any TurboTax developers who might be reading:

 

1.  If the address being asked for is the Fiduciary's address, and it is required, make that clear in the instructions on the guided Step-by-Step page.

 

2.  If it does not matter what address I put in , as the previous post indicates, do not make it a required entry that blocks me from moving on in the process.