Suppressing printing of a beneficiary's Schedule K-1 (1041)

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.

If a beneficiary is not receiving a distribution during a tax year, you can suppress the printing of that beneficiary's Schedule K-1.

  1. In the client's return, choose View > Beneficiary Information.
  2. Click the applicable beneficiary in the Beneficiary Name list.
  3. Click the Beneficiary tab.
  4. Enter X in the Suppress printing of this Schedule K-1 field in the Other Information group box.
  5. Click Done to close the Beneficiary Information window.

Notes

  • If the beneficiary does not receive an allocation and is not suppressed, a Schedule K-1 prints for this beneficiary with “NO TAXABLE INCOME” above Part I.
  • The Suppress printing of this Schedule K-1 field is not available for charitable remainder trusts, qualified subchapter S trusts, grantor trusts, or agency relationship returns.

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