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Get your taxes done using TurboTax
I found the problem. I had first chosen to allocate capital gains to beneficiaries and then later changed that to retain the capital gains in the trust. I discovered that Turbotax didn't change Schedule D to show the gain going to the trust. It was showing short-term gains going to the beneficiaries. When I corrected Schedule D, the DNI worksheet and K-1 worksheet were corrected. Now there are no capital gains showing on the K-1s as it should be with the gains being retained by the trust. More fun.
March 2, 2022
2:20 AM