I went and changed the distribution scheme from percentages to the exact amount of interest/dividends and it made no change to the amount of tax the Trust owed or to the amount distributed (zero) on the K1. I guess I have to learn how to do this by hand. Not only is it a Simple trust, it's a simple trust with one bank account.
And yes, I know the difference between the Simple and Complex Trust. I am not trying to distribute capitol gains only interest and dividend income.
Instead of double taxation this year I'll send the IRS a check with an extension so I can figure out what is going on here.
Thanks
