| K-1 amounts don't make sense
My parents set up a trust for my siblings and I. My father wrote me a check for $25K this year as my share from the trust. I received a schedule K-1 from my father's lawyer, but the numbers don't seem to correspond to the amount he gave me. These are all the figures on the K-1:
Box 2a: $13241
Box 2b: $10959
Box 4a: $32432
Box 14 Code A: $3393
Box 14 Code B: $67 (foreign taxes)
Box 14 Code E: $2328
Box 14 Code I: $2218 (foreign gross receipts and expenses)
Box 14 Code I: 67 (AMT foreign taxes)
Box 14 Code I: 558 (AMT foreign gross receipts and taxes)
It looks to me like I am reporting (and will be paying taxes on) a lot more $ than I received. Am I misinterpreting something?
| 
Threaded Mode
