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March 6, 2025
Question

On a 1041, Turbo Tax is allocating qualified dividends to the trust. I've marked that 100% should go to the beneficiary. Is there a box I should check or uncheck?

  • March 6, 2025
  • 1 reply
  • 0 views
Line 2b2 under income

1 reply

M-MTax
March 6, 2025

Qualified dividends follow ordinary dividends. Is that not happening?

MS-CEAuthor
March 7, 2025

No, it's not.   I have an identical Trust and tracked it as I entered the data.  The  dividend $ were allocated to the Trusts once a K-1 with operating loss and a capital gain were entered.  It must not be a "check the box" issue.