I did finally find the small question that clarifies 100% going to beneficiary. I now have a question about showing a loss on line 23. It really isn't a loss, because it is the final return for this trust with the balance being held going to the beneficiary. I find it odd that this amount is showing up as income (or a loss) since it has been held in trust for 20 years. The only part that is income is the capital gains/losses on the initial investment.
The distribution is showing up on K-1 as Net short-term capital gain which is not accurate. Did I do something wrong?
Anyway, I don't care that it shows a loss. As I said, it is the final return for this trust. I only care that the IRS accept it and that it is done correctly.
