Ok...now I am really confused....LOL.
Yes, the trust was distributed in March 2020 and I am trying to do the Trust's tax return. I did receive 1099-DIV and 1099-B for the time frame of Jan. 2020-March 2020 which is why I thought the trust would pay the taxes on those.
I looked at the K1 form and I would have no idea what the amounts of the distributions would be. Were the 3 of us supposed to get a K1 from the investment company and then use that info to fill out the 1041's K1s?
I just really wanted to pay the little bit of taxes due from Jan. 2020-March 2020 out of the money that has been held aside for tax purposes and not pass that on to the beneficiaries. Is that not how it works?
Thank you very much.
