Accounting income is negative under the Distributions tab. Screen says "Was All The Trust's Income Distributed". There were actual distributions made to the beneficiary even though there were large deductions that caused income to be negative. So do I select "Yes"? Does this carry out the losses to the beneficiary on the K-1? Or do I just select "No" which results in no income reported on K-1? Or do I select neither? I thought that trust losses can't be transferred out of the trust and the used by the beneficiary to offset other income.
