I have a Final K-1 and have entered the information using the K1 form.
However, I also received a Schedule 5 - Beneficiary's Information with a large number on Line 1a and the beneficiary's distribution percentage in Line 1b. How do I enter the beneficiary percentage for my federal taxes? I do not know where to put the percentage from Line 1b when entering information in form K-1.
Thank you!
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