Choose to not allocate amounts to beneficiaries (1041)

The following scenarios include information on how to not allocate amounts to beneficiaries.

If this is not a final return and there is a default allocation, do the following:

  1. Open the Dist screen in the Allocation folder.
  2. Enter 0 (zero) in the Income required to be distributed (Force) field.

If this a final return, do the following:

  1. Open the Allocate screen in the Allocate folder.
  2. In the Beneficiary Allocation Options section, enter X in the Allocate no income or excess deductions to beneficiaries on final return field.

If this is a complex trust or decedent's estate and not a final return, you do not need to enter any additional information because the default is no allocation.

Note: If there is no allocation, Onvio Tax displays "NO TAXABLE INCOME" on a Schedule K-1 for each beneficiary unless you suppress the generation of the Schedule K-1.


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