This has been an ongoing issue with TurboTax business and me for years so it's probably something simple that I am doing wrong. It's a irrevocable Simple Trust and designated as such. However, TurboTax allocates all the bank interest and stock dividends to the Trust. For example, this year the Trust earned $500 in interest, $7000 in dividends and $7,000 in capitol gains. The Trust income line 18 is $14,500. The K1 distributions line 18 amount is zero. The amounts on the K1 are zero. I do not know how to fix this.
