Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 04-12-2015, 08:02 PM
Junior Member
 
Join Date: Apr 2015
Posts: 2
Need help with Form 1041 Schedule K-1

I inherited some money from my uncle's estate. I just received an already filled out Schedule K-1 Form 1041, but looking at the form I have no idea of how much income is subject to tax and where to enter it on form 1040.

I used TurboTax Pro to prepare my takes and already filed my return, so I will have to file a revised one. I opened up TurboTax to try and figure out what to do but it says you need TurboTax Business to complete Form 1041.

This is what my form says:
Boxes 1-10 are empty
Box 11 A 849
Box 11 B 13
Box 11 C 3471
Box 11 D 17
Box 11 E 68
Boxes 12 and 13 are blank
Box 14 A 12
Box 14 I 13
Box 14 I 3464

There are five supporting statements and foot notes. All the documents are here:
https://www.dropbox.com/s/b8l425sigs...xDocs.pdf?dl=0
Can anyone tell me how much taxable income I received and where to add it on my 1040?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Form 1041 for Estate/Trust - Combining by filing Form 8855 Reno98 Trusts and Gift Tax Returns 1 02-09-2014 10:53 PM
More Trust/Estate (Form 1041) Questions Reno98 CPA Forums 0 01-25-2014 02:22 PM
1041 Schedule B - Corpus Music78 Trusts and Gift Tax Returns 0 03-29-2012 09:16 PM
Do I need to file 1041-T form? Saver4 Trusts and Gift Tax Returns 1 02-14-2012 04:02 AM
Schedule K-1 (Form 1041) BTOG Income 1 03-25-2009 02:09 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.