1041-US: Schedule K-1 FAQs

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IRS filing deadline update

The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.

The following includes answers to common questions about Schedule K-1.

If a beneficiary is not receiving a distribution this year, how do I suppress the printing of that beneficiary's Schedule K-1?

Why is the qualified dividend amount on Schedule K-1, box 2b not equal to Form 1041, line 2b(1)?

Why aren't the 28-percent rate capital gain / loss items appearing on the Schedules K-1 for a non-final return?

Why aren't the 28-percent rate capital gain / loss items appearing on the Schedules K-1 for a final return?

Why aren't capital losses reported on Schedule K-1, lines 3 and 4?

Why is the long-term capital loss allocated to the beneficiary reported on Schedule K-1, line 11, box B instead of box C?

How are the alternative minimum tax items calculated for Schedule K-1, Box 12?

Related topic: 1041 frequently asked questions

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