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Get your taxes done using TurboTax
I think the distributions are accurate. I have distributed enough in 2019 to have the trust have 1041 Line 23 be -$120. The distribution is first tier (I did it by amount not percentage). The distribution is less than the accounting income (1041 Schedule B Line 8). What else should I be checking for?
I have tried distributing more from the trust, changing the 199A value, removing all trust deductions (e.g. the taxes it paid). I cannot get the K-1 Line 14-i to appear with any portion of the 199A dividends I entered.
I can directly edit the K-1 form to produce a line 14-i distribution, but that doesn't seem like the right solution.
The 199A information is in the INT-DIV Wks in forms, but I cannot find the $ amount on any other form.
‎February 20, 2020
8:54 PM