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Business & farm
Hi Yes I am using the green package Turbotax Business for Trusts and Estates. I filled out the distribution section for the K-1 for the one shareholder at 37% distribution. Trust received $40,000 rental income, had $11,000 deductions and generated a K-1 for $10,715. This is the correct distribution. But the distribution does not show up on page one of the 1041 line 18 for income distribution deduction.I deleted the application and started over assuming I clicked something wrong but it came up the same the second time.
Thank you for responding so quickly.
ā€ˇFebruary 22, 2021
11:29 AM