topic 1041 trust filing question in Business & farm

1041 trust filing question

Housoiler — Tue, 20 Oct 2020 17:51:50 GMT

I filed a 1041 trust tax return and on line 17 of the income part of the income was brought down to line 26 which gave me an over payment on my filing on 7/15/2020. however i complete another sample tax filing for the same scenario and it did not bring income from line 17 to line 26 it was 0 and it showed i owe IRS. can you explain why that happen in TurboTax. Thank

Re: 1041 trust filing question

Anonymous_ — Mon, 23 Dec 2024 02:03:13 GMT

Re: 1041 trust filing question

Anonymous — Tue, 20 Oct 2020 23:20:32 GMT

line 17 of the income part - are you sure you're talking about the correct line or part because line 17 on page 1 is adjusted total income from which that tax is computed. it has nothing to do with line 26 which are tax payments that come from Schedule G part II line 17.