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Get your taxes done using TurboTax
if you had a simple trust the only income the Trust should pay tax on is capital gains. any other income should have been passed through to you as beneficiary and thus reported on a k-1 in your name. This is true regardless of whether the trust actually gave you any cash. it looks like you're winging it without having a clue as to what the trust tax laws are. Are you or your spouse, if married, the Trustees(?) I strongly suggest you consult a tax pro because it seems to me like you may be preparing two materially incorrect returns. the trust's and your 1040.
‎August 5, 2020
5:29 PM