The problem still exists in 2024. The problem is specific to the Turbo Tax Business product, not the one for doing personal taxes. TurboTax still fails to carry over the schedule K-1 distribution deductions to the state return for the trust. I have to manually go into the Massachusetts state tax forms and put in the distribution numbers so MA doesn’t tax the income that was already distributed to beneficiaries. I have to do this for each of the MA trusts that I do taxes for.
I continue to report this problem EVERY year yet TurboTax still hasn’t cared enough to even reply/acknowledge that the bug in their software exists!!
