When an Irrevocable Complex Trust reports all the income to one beneficiary all the taxes on the income generated in a given year as outlined in the Trust and that beneficiary does not receive any distributions. The remaining distributions of "principal only" are made to the 5 beneficiaries (Children of the Decedent Trust) are such non-taxable distributions reportable on the K-1 in Box 14? The Trust has been distributing amounts annually to the beneficiaries of principal only and have never reported such distributions in the tax return. 

This is a new client that first filed a trust return in 2019 and is asking me to file returns for 2020 and 2021. When I spoke to the fiduciary company who manages the Trust assets they mentioned to me that annual distributions have been made the last 2 years of principal only. Could not find if such distributions are reportable information in the Trust return? These distributions are significant to the tune of $900K per year. 

Can you tell me where to report such information in the ProConnect software. 

Thanks