How to Handle Unsupported Codes for 1041 K-1 Box 12

stalbot15
stalbot15 Member Posts: 1 Newcomer
in Filing my taxes

I am looking for clarity on how to handle Box 12 on a 1041 K-1 (estate/trust) when unsupported codes are present. My form includes codes A, B, and J, but the software only supports A and J. I recall from filing last year that the answer was to add the code B to something else, but can't remember the specifics.

Any help is greatly appreciated!

Answers

  • rachels
    rachels FreeTaxUSA Agent Posts: 107

    Hi stalbot15,

    If we don't support a code included on your K-1, you can contact the issuer of your Schedule K-1 to see if that particular code is required to be reported on your tax return. If you need to report the code, you will need to file using a different service this year. I am very sorry for the inconvenience.

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