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Distributions

Enter partially discretionary distributions

For distributions made at the discretion of the fiduciary, follow these steps to enter the necessary data to calculate the beneficiary distributions and Form 1041, Schedule B.
  1. Select
    View
    , then
    Beneficiary Information
    .
  2. Select the
    Federal
     tab. Complete the discretionary fields in the Allocations and the Other Allocations sections. Repeat this information for all beneficiaries. Discretionary distributions print on Form 1041, Schedule B, line 10, rather than on line 9.
  3. The required distribution is 1st determined based on information entered in
    View
    ,
    Beneficiary Information
     on the
    Federal
     tab. Required distributions print on Schedule B, line 9. Schedule B, line 10 includes the amount of the discretionary distributions determined as follows:
    • If there's an amount entered in the
      Other amounts paid, credited, or distributed (required or discretionary)
       field on the
      Dist
       screen in the
      Allocation
       folder, UltraTax CS adds this amount to any other discretionary distribution data entry.
    • If the
      Other amounts paid, credited, or distributed (required or discretionary)
       field on the
      Dist
       screen is blank, UltraTax CS calculates the distribution using discretionary amounts and percentages entered in
      View
      ,
      Beneficiary Information
       on the
      Federal
       tab.
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