1041-US: Entering amounts for a QSST (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:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.


Where do I enter amounts for a Qualified Subchapter S trust (QSST)?


Income and deductions for the S Corporation portion of the return should be entered in the K1 1065 & 1120S folder with a type code 2 (S Corporation). These amounts are reported on the Grantor / Agency Report instead of Form 1041 and will be taxed at the individual return level. The income and deductions attributable to the complex trust portion of the return should be entered in the Income, Deductions, and Activity folders.

Related topic: 1041-US: Grantor trust / agency relationship FAQs

Share This