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Level 1
October 20, 2020
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1041 trust filing question

  • October 20, 2020
  • 2 replies
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I filed a 1041 trust tax return and on line 17 of the income part of the income was brought down to line 26 which gave me an over payment on my filing on 7/15/2020. however i complete another sample tax filing for the same scenario and it did not bring income from line 17 to line 26 it was 0 and it showed i owe IRS. can you explain why that happen in TurboTax. Thank

    Best answer by Anonymous_
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    2 replies

    Level 15
    October 20, 2020
    No text available
    October 20, 2020

    line 17 of the income part - are you sure you're talking about the correct line or part because line 17 on page 1 is adjusted total income from which that tax is computed. it has nothing to do with line 26 which are tax payments that come from Schedule G part II line 17.