In Part III, line 14 "Other information" on the Schedule K-1 created for the beneficiaries of a 1041 Trust and Estate tax return prepared with Turbotax Business, there were dollar amounts listed with "code H". From the dollar amounts reported with code H, they add up perfectly to the amount listed on Form 8960, part III, line 18(b) which represents "Deductions for distribution of net investment income and charitable deductions".
Since ALL of the Net Investment Income (NII) was distributed to charities, except for a very small amount used for trust expenses, there should not have been any dollar amount of credits passed through to the beneficiaries under code H. If the beneficiaries claim this credit on their 1040 returns, it would result in a deduction duplication between the trust and the beneficiaries.