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VBjC0M2G
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Trust Beneficiary K-1, U.S. Bond Interest?

In the Schedule K-1 step-by-step, how do I even know if I have U.S. bond interest included in Boxes 1 and 2A on my K-1? Where would I look for these? If I knew, the amount would be deductible on my state taxes. I am merely transferring numbers from my Trust Beneficiary Schedule K-1. I have the completed 1041 trust taxes as well as my 2020 Combined Forms 1099 that were used to complete my trust taxes.

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1 Reply

Trust Beneficiary K-1, U.S. Bond Interest?

Contact the trustee (or individual responsible for preparing the 1041) for that information. 

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