TY2024, in TurboTax Business Download: After completing the 1041 for a trust, I found an entry I don't understand. If I view Forms mode, Carryovers/Carryforwards Worksheet, there is an amount appearing in line 8, column (b). This line appears to refer to 'Form 2210', and is labelled 'Adjusted Gross Income.' The amount entered here happens to be equal to the amount of state tax paid the prior year, maybe that is a coincidence?
I understand that form 2210 is to address underpayment of estimated taxes. This trust did estimated payments throughout 2024, and owes no tax in 2024, so all those payments are due to be refunded to the trust.
Can anyone explain the entry I see in this Worksheet? Thank you.