Thank you. The issue is if I don't indicate any distributions have been made, we have $1000 of distributable net income but none of that is shown on K-1s. Tbe K...
So, on Schedule B, we have $1000 of distributable net income. Turbo Tax asks if any distributions were made to beneficiaries. If I say no, then no K-1s are crea...
As I understand it, the losses shouldn’t be distributed until we are filing the final return for the estate. My real concern is whether I need to distribute the...
It is on schedule M-1 line 16-b as other tax-exempt income and also on line 16-c as nondeductible expenses. I also had to enter it as other liabilities on the b...
