I am using Turbotax Business. I want to create a K-1 for a complex trust to distribute capital gains from an asset sale. The trust is not distributing any income or any directly apportioned deductions. I cannot generate the K-1 with just capital gains on it.
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You need to allocate capital gains to income AND to the beneficiaries in the program.
I believe there is a section in the program form that purpose.
When I allocate the capital gains to income, the K-1 then includes the other income of the trust and the directly apportioned deductions. How can the inclusion of those values be prevented?
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