Income distribution deduction vs distributable share of income

Income distribution deduction

Form IT-541, page 1, line 5, reports the income distribution deduction. The income distribution deduction is the sum of all Louisiana K-1 Equivalents line 1 and line 2 (see note for line 2) minus all the beneficiaries' Line 3 subtractions.

Distributive share of income

The distributive share of Louisiana income to beneficiary is reported on LA Form IT-541, page 8, Schedule C. The income distribution deduction is reported on Form IT-541, page 1, Line 5.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close