ultimatewax
New Member

Turbo tax is now showing that distributions from a trust are taxable, why?

Prior to 2017, I never had a problem filing my trust return. 

This year, turbo tax is treating distributions from the Trust as income.

The trust itself had no income.

I tried to manually edit but had a difficult time doing so and have now received a letter from the IRS...

I hope that TurboTax can correct this issue. 

‎June 5, 2019 4:34 PM
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tagteam
Level 15
Level 15

Retirement tax questions

If you have already received correspondence from the IRS, I suggest that you contact Customer Support (link below). 

Generally, however, if the distributions actually flow through to the K-1(s) in the program, the trust should receive a deduction in the amount of the distributions (not to exceed DNI). 

Visit --> https://ttlc.intuit.com/questions/1899263 to contact Customer Support.

‎June 5, 2019 4:34 PM
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