Level 15

Business & farm

" How can that be done using the Business TurboTax Trust Program?"

That could only be done through at least one override (on Line 13 of the K-1, use Code Z - Other credits - and enter the figure on that line). 

Otherwise, the beneficiary will need to prepare and complete Form 5695 and submit that with the beneficiary's individual income tax return as if the beneficiary paid for the system directly.

View solution in original post