Turn off printing of a beneficiary's Schedule K-1
If a beneficiary doesn't receive a distribution during a tax year, you can turn off the printing of that beneficiary's Schedule K-1.
- In the client's return, selectView, thenBeneficiary Information.
- Select the beneficiary from theBeneficiary Namelist.
- Select theBeneficiarytab.
- Mark theSuppress printing of this Schedule K-1checkbox in the Other Information group box.
- SelectDone.note
- If the beneficiary doesn't receive an allocation and isn't suppressed, the application prints a Schedule K-1 for this beneficiary with "NO TAXABLE INCOME" before Part I.
- Suppress printing of this Schedule K-1isn't available for charitable remainder trusts, qualified subchapter S trusts, grantor trusts, and agency relationship returns.
