dorff99
Returning Member

Get your taxes done using TurboTax

thanks for the response. 

 

I had done this before, and the result on the K-1 was still showing $5,000 of dividend income & $5,000 of CG, when it should be 10k & 10k.  On the 1041 Schedule B line 7C, its showing split between benef & trust of 50% & 50% ???? weird....  Only when I go back to the SBS under the distributions tab and put in $10,000 the second tier box, does it revert the split on the 1041 to 100% & 0%, and then the K-1 correctly shows $10,000 of dividend and $10,000 of CG. 

 

What is the explaination for why you have to put $10,000 into the second tier box under distributions for this work correctly, do you know.    Just trying to understand the logic of the thing. thanks