topic On From 1041, how do I allocate 100% of ordinary dividends to the beneficiaries instead of the trust? in Business & farm

On From 1041, how do I allocate 100% of ordinary dividends to the beneficiaries instead of the trust?

doobies — Sat, 01 Jun 2019 18:02:43 GMT

I am using TurboTax Business 2018.

I have ordinary dividend income from mutual funds, and TurboTax has allocated about 26% of the those dividends to the beneficiaries instead of 100%.

How do I tell TurboTax to change this (without overriding line 2b1 on From 1041)?

It is difficult to determine, without more details, preci...

Anonymous_ — Sat, 01 Jun 2019 18:02:45 GMT

It is difficult to determine, without more details, precisely what is happening with the calculations.

However, refer to the screenshots below and ensure that the percentage for each beneficiary is correct on their K-1s and also that the TAI percentage is allocated properly between the beneficiary(ies) and the trust.