Business & farm

Thanks for the quick reply. State is Florida - this was a revocable living trust where the grantor died in 2019 and some income was derived in 2020 (about 11k) mostly from stock appreciation & over the $600 threshold.   

Full distribution was already been made when stocks sold in mid 2020 so I want to pass the tax any 2020 income on to beneficiaries. 

So questions on turbo tax is - it shows the 11k of income and seems to pass on to individual K-1's.

However, the total amount distributed from the trust assets (not generated income) was higher and don't see where that can go in the TT interview area or if I need to enter that somewhere where beneficiaries get a K-1 that actually match the distribution they received ..... 

 

ps.  I have used Turbo tax for years but 1st time in using "TT business" for a trust  distribution scenario -used 2019 only to show grantors death and establish IRS number for it &  to do a final return this year once all distribution paid and 2020 info in.