Jab426
Level 2
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Thank you. I thought that screen was percentages not amounts. Working fine now. Appreciate your help.
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Not sure I'm following you. Allocation of long term gain to the beneficiaries is $7556 and the gains attributable to income is $7556.
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Still not sure what I need to do. I allocated the gains to the beneficiaries and to income but the distributed amounts are still not carrying over to the K-1's....
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Thanks. When walking through the software it asks if I've done a distribution to the beneficiaries, to which I answered yes, so I'm assuming that's allocating t...
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Thanks for the response. That's my issue, the income is not showing on the beneficiaries K-1, only the NIIT adjustment. That would mean that neither the trust n...
Activity Feed for Jab426
- Got Cheered for Re: Trust distributed income not carrying over to the beneficiaries K-1's. March 3, 2025 12:15 PM
- Posted Re: Trust distributed income not carrying over to the beneficiaries K-1's on Business & farm. March 3, 2025 11:46 AM
- Posted Re: Trust distributed income not carrying over to the beneficiaries K-1's on Business & farm. March 3, 2025 9:21 AM
- Posted Re: Trust distributed income not carrying over to the beneficiaries K-1's on Business & farm. March 2, 2025 12:03 PM
- Posted Re: Trust distributed income not carrying over to the beneficiaries K-1's on Business & farm. March 1, 2025 6:12 PM
- Posted Trust distributed income not carrying over to the beneficiaries K-1's on Business & farm. March 1, 2025 1:33 PM
- Posted Re: K1 Line 14 Code H negative for beneficiaries on Business & farm. February 28, 2025 6:44 PM
- Posted K1 Line 14 Code H negative for beneficiaries on Business & farm. February 28, 2025 6:07 PM