Get your taxes done using TurboTax

@Leaminda - if you received a K-1 and enter it into Turbo Tax, Turbo Tax will figure that out for you.

 

If you look at the IRS version of the K-1 , it explains each line item on the K-1 and where that is mapped to on Form 1040.   read the 2nd page of the link below: 

 

https://www.irs.gov/pub/irs-pdf/f1041sk1.pdf

 

are you the beneficiary of the IRA or is the Trust the beneficiary of the IRA.  If the latter it could be that the Trust reported the income and paid the tax; you may not see it on the K-1 - so I kinda agree with what you are thinking. 

 

Did the administrator of the Trust provide you with the K-1?