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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
‎February 15, 2022
10:12 AM