To enter or review a beneficiary's share of income, deductions and/or credits in the TaxAct program, from the information on Schedule K-1 (Form 1041), Beneficiary’s Share of Income, Deductions, Credits, etc., follow the steps below.
Online
Dashboard
From within your TaxAct return, click Income.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Explore More drop-down.
Click Add beside Estate & Trust Income (Schedule K-1).
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Other Income drop-down, then click Estate or trust income (Form 1041 Schedule K-1).
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Other Income drop-down, then click Estate or trust income (Form 1041 Schedule K-1).
Complete the rest of the interview process.
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