New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

Why is Schedule B blank?

Answer

Schedule B is calculated conditionally. If income is not distributed to beneficiaries, Schedule B is not required. If the estate or trust was required to distribute income currently, or if it paid, credited, or was required to distribute any other amounts to beneficiaries during the tax year, UltraTax CS completes Schedule B to determine the income distribution deduction.

To force UltraTax CS to calculate Schedule B even though it is not required, choose Setup > 1041 Fiduciary, click the Federal tab, click the Other Return Options button, and mark the Complete Schedule B if not required checkbox.

Related topic: 1041 frequently asked questions

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