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Enter the amounts for a QSST
Enter the amounts for a Qualified Subchapter S trust (QSST) in the K-1 1065 & 1120S folder.
Enter income and deductions for the S Corporation portion of the return in the K1 1065 & 1120S folder. Use type code
2 (S Corporation)
. These amounts are reported on the Grantor/Agency Report instead of Form 1041. They are taxed at the individual return level. Enter the income and deductions attributable to the complex trust portion of the return in the Income, Deductions, and Activity folders.