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Distributions

Calculate distribution amounts on Schedule B, lines 9 and 10

The amounts on Schedule B, lines 9 and 10, are based on entries on the
Allocate
 screen and
Dist
 screen in the
Allocation
 folder, and entries in
View
,
Beneficiary Information
.
  • If you enter an amount in the
    Income required to be distributed (Force)
     field on the
    Dist
     screen in the
    Allocation
     folder, that amount prints on Schedule B, line 9. If you enter an amount in the
    Other amounts paid, credited, or distributed (required or discretionary)
     field on the
    Dist
     screen in the
    Allocation
     folder, that amount plus any discretionary allocation calculated based on data entry in
    View
    ,
    Beneficiary Information
     prints on Schedule B, line 10. Otherwise, the amounts available for distribution include the net income amounts on the Allocation of Expenses by Income Type - Accounting Income Basis Worksheet.
  • If you enter a percentage in the
    Income distributions
     field in the
    View
    ,
    Beneficiary Information
    , the
    Federal
     tab, Allocations section, the percentage applies to all ordinary and tax-exempt income types.
  • If 100% of accounting income distributes equally to the first-tier beneficiaries, you may use the
    First tier beneficiaries: Allocate all items, except capital gains, equally
     field on the
    Allocate
     screen in the
    Allocation
     folder. You may use the
    First tier beneficiaries: Allocate capital gains equally
     field on the
    Allocate
     screen in the
    Allocation
     folder to do the same thing with capital gains. Entries in these fields have precedence over entries in the
    View
    ,
    Beneficiary Information
    ,
    Federal
     tab.
  • If you enter a code in the
    Pooled income funds: Allocate based on ownership share
     field on the
    Allocate
     screen in the
    Allocation
     folder, 100% of income allocates based on the amount entered in the
    Pooled income fund: Ownership share
     field in the
    View
    ,
    Beneficiary Information
    ,
    Federal
     tab, Other returns section. The ownership share allocation has precedence over allocation percentage and amount entries in the Allocations group box or the
    Special Allocations
     button in the
    Federal
     tab
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