dmertz
Level 15

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-$600 is normal on line 23 when all income is passed through to beneficiaries.  The -$600 effectively comes from subtracting income distribution deduction and the $600 exemption from the otherwise taxable income.

 

Not knowing anything about the type of income being passed through the beneficiary(s), I can't say whether the income is from a short-term capital gain or not.