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Complex trust: turbo tax does not change K1 forms when qualified dividends split between trust and beneficiaries (line 2b)
I am the trustee of a complex trust.
I entered the qualified dividends on line 1b. I want to attribute some to the trust and some to the beneficiary.
However, the values for beneficiary's share of current year income etc. is the same whether ALL or SOME of the qualifies dividends are allocated to the beneficiaries vs. the trust. This does not make sense.
How can some of the income be allocated to the trust so that the trust pays the tax?
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March 2, 2024
6:18 PM