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

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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

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