I am working on my 2024 taxes and have tried repeatedly to enter Short Term Capital Gains for the beneficiaries of a Trust. TT Business puts them all under LT even though I uncheck the box that asks if these are from a decedent.
Also, anyone know how to create a K-1 with unique values for each beneficiary? Sad that it does not consider that the funds are managed and that the income each year is not "exact" for all beneficiaries. The Trust was initially split per the terms at the start (e.g., 30/30/30/10 percentages), but each of the 4 accounts is making income at different rates (e.g., accounts are used differently between beneficiaries).
This will be my last year of using TT Business if they can't get this working to handle Simple Trusts.
