Why does TurboTax include Trust income under the heading of "Business Items" and why is the K-1 amount lumped in with 1099-INT forms, but in a way that is not traceable? That is, $0 appears under Business Items/Schedules K-1, the K-1 amount is included in Interests and Dividends/Interest on 1099-INT, but the K-1 entry does not come up on the Interest on 1099-INT update button.
If you had interest income from your trust reported on Schedule K-1, that is directly reported under Interest Income on your personal tax return. Interest is not included with other income from the trust.
To edit this entry, return to the K-1 topic and edit the trust K-1.
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