Filing 1041 for a Trust. The worksheet entitled: "Distributable Income Schedule K-1" has line 13 "Total distributable" and line 14 "Amount distributed to beneficiary".
I have amount in columns (a) through (d) for each of the classes of income.
Line 13 amounts are:
Interest NQDiv QDiv TCapGain
14727 13864 41781 29012
Line 14 amounts are:
16135 15271 37574 30420
I don't understand how the Total Capital Gain on line 14 can exceed the beneficiary's share of Total Capital Gain shown on Schedule D, Part III, line 19 (1), i.e. $29012. Likewise, how can interest and NQDiv on line 14 be more than what is on line 13?
I read the description in the "data source" for each column on line 14, used the formula provided, and my calculations are different from what Turbotax shows.
Any advice?
