If you received a payment from a trust, you should receive a Schedule K-1 (form 1041). You must enter this Schedule K-1 on your tax return.
You can enter your Schedule K-1 by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Wages & Income on top of the screen
- Scroll down to All Income, locate the section S-Corps, Partnerships, and Trusts and click on Show more
- Click Start next to Schedule K-1.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
