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Get your taxes done using TurboTax
"How do I complete form 1041 with this information?"
If you are using TurboTax Business, enter the figures as shown in the first screenshot below.
If you are entering the figures directly on Form 1041 (see second screenshot), then enter the figures as shown in the third screenshot if you are distributing all of the dividends to the beneficiaries.
If you are distributing none of the income (i.e., the trust is retaining the income and paying any tax due), then enter all of the qualified dividends on Line 2b(2) since they would be allocated to the trust.
‎June 1, 2019
2:05 AM
1,317 Views