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evol16
New Member

Schedule K-1 form 1041

Box 14 Foreign income- Will the amount be the same for gross income source of beneficiary level and gross income source of beneficiary level foreign source income? If not the same where can I find the amount of income for each of those?

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2 Replies

Schedule K-1 form 1041

Contact the trustee, but the figures should be the same.

Irene2805
Expert Alumni

Schedule K-1 form 1041

The trustee should be able to tell you if the foreign source income is the same amount as the gross source income.

 

The gross source income should be reported to you on lines 1-8 of the K1 from the trust/estate.  The foreign source income should be reported on a statement attached to the K-1.

 

 

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