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Investors & landlords
I, too, have a problem similar to what floridamom99 describes. Using TT Business 2017, Trust Accounting Income "calculated" amount INCLUDES exactly TWICE the capital gains distribution amount as entered from the only 1099-DIV for the trust resulting in a TAI amount that is too large by exactly the entered 1099-DIV capital gains distribution amount.
Note: I have manually changed the Trust type from (the TT auto-selected) Complex to Simple (as advised by my CPA for this specific trust as I have in years past).
I have not had this double counting of capital gains distributions problem with previous versions of TurboTax Business.
Note: I have manually changed the Trust type from (the TT auto-selected) Complex to Simple (as advised by my CPA for this specific trust as I have in years past).
I have not had this double counting of capital gains distributions problem with previous versions of TurboTax Business.
‎June 4, 2019
12:03 PM