topic In Turbotax Business 2018 for a trust which path do I take if I do not wish to allocate income to the beneficiary? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/in-turbotax-business-2018-for-a-trust-which-path-do-i-take-if-i-do-not-wish-to-allocate-income-to/01/147111#M4450 <P>I do not wish to generate K-1s.&nbsp; Which path do I take in Turbotax business?</P> Sat, 01 Jun 2019 07:37:03 GMT thewachs 2019-06-01T07:37:03Z In Turbotax Business 2018 for a trust which path do I take if I do not wish to allocate income to the beneficiary? https://ttlc.intuit.com/community/business-taxes/discussion/in-turbotax-business-2018-for-a-trust-which-path-do-i-take-if-i-do-not-wish-to-allocate-income-to/01/147111#M4450 <P>I do not wish to generate K-1s.&nbsp; Which path do I take in Turbotax business?</P> Sat, 01 Jun 2019 07:37:03 GMT https://ttlc.intuit.com/community/business-taxes/discussion/in-turbotax-business-2018-for-a-trust-which-path-do-i-take-if-i-do-not-wish-to-allocate-income-to/01/147111#M4450 thewachs 2019-06-01T07:37:03Z "I do not wish to generate K-1s.  Which path do I take in... https://ttlc.intuit.com/community/business-taxes/discussion/i-do-not-wish-to-generate-k-1s-which-path-do-i-take-in/01/147125#M4451 <P> <B> <I>"I do not wish to generate K-1s.&nbsp; Which path do I take in Turbotax business?"</I> </B> </P><P><B></B>Click the <I>FEDERAL TAXES</I> tab and then click <I>Distributions</I>. Check the appropriate circles as per the screenshot below.<B><I><BR /></I></B></P><P>Note that if you have indicated the trust is a <I>Simple trust</I>, income will be automatically allocated by the program and an income distribution deduction will appear on your 1041.&nbsp;</P> Sat, 01 Jun 2019 07:37:05 GMT https://ttlc.intuit.com/community/business-taxes/discussion/i-do-not-wish-to-generate-k-1s-which-path-do-i-take-in/01/147125#M4451 tagteam 2019-06-01T07:37:05Z
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topic In Turbotax Business 2018 for a trust which path do I take if I do not wish to allocate income to the beneficiary? in Business & farm
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<P>I do not wish to generate K-1s.&nbsp; Which path do I take in Turbotax business?</P>
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In Turbotax Business 2018 for a trust which path do I take if I do not wish to allocate income to the beneficiary?
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"I do not wish to generate K-1s.  Which path do I take in...
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<P> <B> <I>"I do not wish to generate K-1s.&nbsp; Which path do I take in Turbotax business?"</I> </B> </P><P><B></B>Click the <I>FEDERAL TAXES</I> tab and then click <I>Distributions</I>. Check the appropriate circles as per the screenshot below.<B><I><BR /></I></B></P><P>Note that if you have indicated the trust is a <I>Simple trust</I>, income will be automatically allocated by the program and an income distribution deduction will appear on your 1041.&nbsp;</P>
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