Support Center

<- Back to Main Page

Form 1041-Fiduciary - K-1 Distribution Worksheet-SureFire

---

📊 Step-by-Step Guide

Step 1: Access the Distribution Worksheet

Use this when you need to open the worksheet.

• Obtain the worksheet directly from the Forms List, or
• Link to it from the Printed column of Sch K-1.

Step 2: Determine whether your distributions are percentage-based

Use this to choose the correct workflow.

• If distributions are not based on percentages, go directly to Sch K-1.
• If distributions are based on percentages, proceed with the Distribution Worksheet first.

Step 3: If distributions are percentage-based, complete the worksheet first

Use this when you need SureFire to calculate amounts based on percentages.

• After filling out the worksheet, fill out a K-1 for each beneficiary.
• Enter the appropriate percentage for each beneficiary.
• SureFire calculates the amounts to be distributed based on the percentage entered.

Step 4: If distributions are percentage-based with exceptions (adjustments)

Use this when some items require special adjustments.

• If distributions are based on percentages, except for adjustments needed on some items, fill out the Distribution Worksheet first.
• Then go to Sch K-1, enter the percentage, and make the adjustments.

Step 5: Use the worksheet for directly attributable deductions (if applicable)

Use this when certain deductions are tied to a specific income category.

A worksheet is available at the top of the form if some deductions are directly attributable to a specific income category.

Tags: federal,form