Using Turbotax Business I filed a trust 1041 for 2020 and paid state and federal taxes due when I filed in 2021. Later I received an amended K1 and amended the 2020 return whereby NO state or federal taxes were due. I received the state refund during 2021. How do I report the taxes paid and refund received. State taxes as an expense and the refund as Other Income?
I have no received the federal refund due to IRS backlog, so that creates a taxable gap in DNI for the 2021 return.
