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Business & farm
sure--if I could distribute ordinary that would solve the problem. How do I do that in Turbo Tax?
there's just one line (2a) to enter ordinary dividends and it does not allow me to decide what amount to allocate to the trust and what amount to beneficiaries. I do understand that whatever the allocation is from ordinary will follow through to the qualified. The amount on line 2a is from 1099-DIV forms. I have two forms--One that indicates what the trust KEPT and the other that was distributed to the beneficiaries. TT only allows me ONE entry for line 2a.
March 4, 2024
9:08 AM