1041-US: Allocating income distribution deduction on Schedules K-1 (FAQ)

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Question

How does the income distribution deduction allocate among the particular income types on the Schedules K-1?

Answer

The Allocation of Expenses by Income Type - Tax Basis Worksheet shows the net income types available for distribution to beneficiaries.

Related topic: 1041-US: Beneficiary distribution calculations FAQs

Share This