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1041 in ATX question


Kea

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I'm (hopefully) wrapping up my 1st 1041s soon (yes, late).

All interest & other IRD income was distributed during 1st (& only) year. There were no specified amounts in the will (i.e. $1000 to this person or that charity). Just a straightforward I leave everything to my heir.

Am I correct that I use the total DNI calculated on Sch B, line 7 and just enter that in the "Tier 2 Distribution" box on the Sch K-1 Input tab? Is there some box or something to check so that it automatically distributes the total? I tried setting up a link but it wouldn't let me.

Thanks so much.

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