markertle
New Member

K1 and 1099R

I recieved a 1099R for a distribution for a trust and a K1 for that same distribution.  When I enter both forms, it counts the income twice and doubles my tax.  On the 1099R it shows I paid the Federal tax.  But when I enter the K1, Box 13 (code B) I enter the tax I paid and Turbo Tax doesn't reduce my tax burden.