1041-US: Entering required and discretionary distributions for the same beneficiary (FAQ)

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How do I enter both required and discretionary distributions for the same beneficiary?


If a beneficiary receives both a required distribution and a discretionary distribution, do the following:

  1. Choose View > Beneficiary Information > Federal tab.
  2. Enter allocation information in both the Required fields and the Discretionary fields in the Allocations group box or in the Special Allocations button, if applicable.

Only one unit of Schedule K-1 for the beneficiary prints, combining the amounts calculated for each type of distribution.

Related topic: 1041-US: Beneficiary allocations FAQs

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