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    Schedule k- for estate or trust

    Hello:

    I have a schedule K for estate or trust has it has in box 12 a & j. J is for fill out form 8801. This all has to do with AMT correct? What is this purpose for when my client is not near the amt amount?
    There is no tax benefit to him. What is the purpose? Thank you community

    #2
    When the K-1's are prepared, the person preparing them has no knowledge of the individuals' to which they are sending them regarding their tax situation. If it does not apply to your TP, disregard, although you can input it, let it carry to the proper form and let the software do it, which is a better option. Yes, these are AMT items.
    Last edited by Burke; 04-06-2014, 10:37 AM.

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