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April 2, 2023
Question

Where do I enter income received from Trust?

  • April 2, 2023
  • 1 reply
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I received funds from my deceased spouse's Trust - how do I enter this in Turbo Tax?

1 reply

April 2, 2023

Can you clarify if you received a form K-1 for the income?

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skj08Author
April 2, 2023

Yes - 

SharonD007
April 3, 2023

Income that you received as a beneficiary of a trust that is reported on a K-1 will include the income, deductions, and credits that you received. Follow the steps below to enter your K-1 in TurboTax.

 

  1. Sign into TurboTax
  2. Open or continue your return
  3. Select Search, enter K-1 and select the Jump to k-1
  4. On the Schedules K-1 or Q page, select the button for Yes
  5. On the Did you receive any Schedules K-1? page, select the button for Yes
  6. Select the Start button next to the type of K-1 form you have, then enter your information
  7. Select the Continue button on each page until you are you finished recording your data.

Please review the TurboTax articles What is a Schedule K-1 Form 1041: Estates and Trusts? and Where do I enter a Schedule K-1 that I received? for more information.

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