Question
How do I enter form K-1 (a trust) and form 501 in Turbo Tax? I found K-1, but it doesn't seem to transfer information as we are beneficiaries? First time doing this.
My husband is a beneficiary of a Trust and he received funds this year from the Fiduciary/Trustee who is in GA and we are in FL.
I was able to enter in the K-1, but the form 501 isn't anywhere, so it's not showing that he 'made' money from that disbursement.
I've searched online on how to handle it, but I don't think I need the business version, because he's not the business/trust, just a beneficiary. It seems it would be under income somehow?
Any help would be appreciated!
