Trust Accounting Income Form 1041 Schedule B, Line 8

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Trust Accounting Income Form 1041 Schedule B, Line 8

I cant figure out how this is computed by Turbo Tax Business. This is a Complex Trust and the appropriate box was checked in Turbo Tax

Line 8 shows: -23,730

Inputs should be:

Ordinary Dividends: 3,484

Capital Gain: 12,880

Other Income: 114

Sch E, Line 28 Rental Income or (Loss): 0

 (the components are 10,156 loss which includes 4,814 in depreciation.

Form 4952, Line 1, Investment Interest Expense: 21,986

I don’t see how TT computes Accounting Income as -23,730

I cant figure out how this is computed by Turbo Tax Business. This is a Complex Trust and the appropriate box was checked in Turbo Tax

Line 8 shows: -23,730

Inputs should be:

Ordinary Dividends: 3,484

Capital Gain: 12,880

Other Income: 114

Sch E, Line 28 Rental Income or (Loss): 0

 (the components are 10,156 loss which includes 4,814 in depreciation.

Form 4952, Line 1, Investment Interest Expense: 21,986

I don’t see how TT computes Accounting Income as -23,730