I entered a K-1 for a trust which had quite a bit of long term capital gains into turbo tax. I did not see any change in my taxes due, which does not seem correct. Why?

[IreneS]

Do you have any capital losses that might offset the capital gains?

Long-term capital gains should be reported in box 4a of the K-1 (trust) and should flow to line 12 of Schedule D.

I suggest you review Schedule D to see if there are items that are offsetting some of all of the gain.

[whh4000]

Yes the long term capital gains are reported in the box 4a, and are correctly input into tubrbo tax. I do not have an losses to offset the gains. When I search for the schedule-D it takes me to the wages & income - investment sales section. It does not list in that section the gains reported and input in the k-1 (trust) section. It is almost like Turbo tax is just ignoring everything that I have input in the k-1 section.

[tagteam]

You don't have the desktop version, apparently, so you can't actually see the forms.

@TurboTaxIrene is correct; if you could see the forms, you would see a figure from your K-1 on Line 12 of Sch D. Also, there is a qualified dividends and capital gains tax worksheet where that figure would appear and taxes are calculated (which you can't see either in the online version).