NorbertD1
Level 2
Member profile
- Replies
- Posts
-
I see, thanks. I had a fundamental misunderstanding, thinking that I needed to issue K-1s for distributions of past trust income. But the trust already paid tax...
-
And how would it work if I did have some income this year (hence needed a 1041), but distributed more than just the income from this year?
-
I agree that I shouldn't need to file a 1041, but the trustee does need a K-1 for the distributions. Seems like this shouldn't be such a rare situation, that th...
-
Thanks for the help.The income is royalty income, earned in prior years. There was no income earned in 2020. Because of this, under "Was All the Trust's Income ...
-
Thanks dmertz, that seems to work. I guess I had failed to include the excess contribution in (b) before, so it was never prompting me to include any amount ret...
Activity Feed for NorbertD1
- Got Cheered for Re: Fiduciary Information Worksheet: Fling Required must be entered for electronic filing. April 4, 2021 5:01 AM
- Posted Re: Fiduciary Information Worksheet: Fling Required must be entered for electronic filing on Business & farm. March 29, 2021 11:04 PM
- Posted Re: Fiduciary Information Worksheet: Fling Required must be entered for electronic filing on Business & farm. March 29, 2021 8:54 AM
- Posted Re: Fiduciary Information Worksheet: Fling Required must be entered for electronic filing on Business & farm. March 29, 2021 8:53 AM
- Posted Re: Fiduciary Information Worksheet: Fling Required must be entered for electronic filing on Business & farm. March 28, 2021 11:26 PM
- Posted Fiduciary Information Worksheet: Fling Required must be entered for electronic filing on Business & farm. March 27, 2021 11:46 PM
- Posted Re: Excess traditional IRA contribution converted to Roth, then returned the following year on Retirement tax questions. March 27, 2021 12:00 AM
- Posted Excess traditional IRA contribution converted to Roth, then returned the following year on Retirement tax questions. March 25, 2021 11:08 PM