It's Schedules 1 and E that show the amount that appears on the 1040 at line 8. There must be some reason why the other forms of trust distribution that are on the K-1 haven't been transferred to the 1040. There are values on the K-1 for "Net Investment Income" and "Adjustment for Net Investment Income" on line 14 but every which way I do the math, I don't come up with the value that appears on the 1040. Looks like the $150 I've spent on the software was a waste of money. Maybe the end result is accurate, maybe not. But, as trustee of a family trust, I need to know that it's correct. The math has to make sense to me or I'll have pay a pro to check it for errors.
