Schedule K-1 (Form 1041) – Entering in Program
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.