Knowledge Base

13799: 1041 - Tax-Exempt Income Override

1041 Fiduciary

Where can I override an amount on line 12 of the Schedule B on a 1041?

Beginning in Drake15, an override field for the Schedule B, line 12 has been added to screen 4 - Schedules A, B, and G. The software still calculates the figure for this line based on the Schedule B, amount of tax-exempt income on line 11, “Total distributions” without an entry here. However, you now have the option to override the calculated amount, if necessary.

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