JensenCo
Level 1
07-11-2020
05:09 PM
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Does lacerte have the option to automatically distribute the income of an S-corporation or does it have to be manually done?
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qbteachmt
Level 15
07-11-2020
06:10 PM
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Distribute it, how?
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JensenCo
Level 1
07-11-2020
06:24 PM
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To clarify - to show the distribution on the beneficiary's K-1. The only item that will be distribute through the K-1, or flow to the beneficiary, is the income from the S-corp. It is a complex trust where all income accumulates in the trust.
