lampre
New Member

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.