Indicate that the beneficiary is a 1040 client (1041)

Complete these steps if the beneficiary is also a 1040 client. This will generate a paragraph in the beneficiary transmittal letter regarding the firm retaining a copy of Schedule K-1 or the Grantor / Agency Report.

  1. Click the Beneficiaries tab in a 1041 project.
  2. Highlight a beneficiary and click Edit.
  3. Click the Federal tab in the Edit: Beneficiaries panel.
  4. Enter X in the Beneficiary is a 1040 client field.
  5. Click Save.

Note: When you mark this field Onvio Tax also disables the generation of the Schedule K-1 filing instructions.


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