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Schedule K distribution
I'm filing for a Trust which distributes all income to it's 3 beneficiaries. In the past, the only income was rental income from a building on a piece of property the Trust owns. In 2021, we sold the entire property, including the rental building, and had capital gains. I've indicated 100% of income should go to the beneficiaries but it still shows a tax due for the Trust and I can't figure out why.
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‎April 16, 2022
12:18 PM