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5onTheHill · ‎June 7, 2019

Thanks again for you help. I did not do anything different on my end, but I can access all of the attachments with Chrome now. Fantastic job answering with the attachments.

5onTheHill · ‎June 7, 2019

Thanks so much for your help. When clicking on the 1st & 3rd attachment, the result is an access denied issue... i.e. the browser returns XML w/ "<Error><Code>AccessDenied</Code>...". The 2nd attachment opened correctly.

5onTheHill · ‎June 7, 2019

Background: - Using TurboTax Business 2018 for the estate's 1041. - The estate sold the inherited primary home real estate for a loss.. i.e. there is no income for the estate to report on the sale. Question: - Would the K-1s for each beneficiary need to reflect the distribution of the cash proceeds from the sale of the inherited real estate? Assumptions: - The purpose of the K-1s is to record income that the beneficiaries should include on their tax filings. The purpose is not to record all money transfers from the estate's bank account to the beneficiaries. - The beneficiaries also do not owe income tax on the estate's sale of the inherited property which resulted in a loss

5onTheHill · ‎June 1, 2019

Supporting details: I need to file the Estate's 1041 since the estate had income from a stock sale > $600 The stock sale proceeds were not distributed to the beneficiaries No other estate income was distributed to the beneficiaries Recommended approach #1: Do not generate any K-1s I.e.: in TurboTax, DO NOT specify any beneficiaries. Result 1: the Estate's 1041 Box B will correctly indicate that there are 0 K-1s attached. Result 2: TurboTax will NOT generate K-1s with income = 0 for attaching/filing with the Estate's 1041 and therefore each beneficary will NOT receive a K-1 Recommended approach #2: Generate the K-1s with income = 0 I.e.: in TurboTax, specify all the beneficiaries. Result 1: the Estate's 1041 Box B will correctly indicate that there are <n> K-1s attached. Result 2: TurboTax WILL generate K-1s with income = 0 for attaching/filing with the Estate's 1041 and therefore each beneficary will receive a K-1 which they would keep for their records.

Thanks again for you help. I did not do anything d...

Thanks so much for your help. When clicking on the...

Estate's 1041: The estate sold inherited real esta...

In TurboTax Business, on Estate's 1041, when there...