Trust Fiduciary K-1 - where does it go?

[TALoeb]

We are fiduciaries for a small trust. It was distributed during 2022. It had a loss.  We sent the K-1 to the beneficiary, but we need to send a copy to the IRS, right? Is there a way to do that through TT with electronic filing? If not, then where do we send the paper copy?

Thanks!

[AliciaP1]

You need to file an entire Trust tax return with the Schedule K-1 (Form 1041).  You can do this in TurboTax Business, but it may be beneficial for you to contact a tax professional in your area to ensure you complete and file the forms correctly.