1041 distributions and gains are not carrying to Beneficiary's K-1? What step am I missing?

2020 Form 1041

$6598 Dividends ends up on Beneficiary line then a k-1 is generated:

In 2021 the $8095 Qualified dividends

End up in Estate/Trust line and does not carry to K-1?

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Level 13

Any distributions?

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Level 15

Estate or trust?

If trust, simple or complex?

Is overall taxable income negative?

The more I know the more I don’t know.

LizPSAuthor

Level 4

Both are Trusts with living beneficiaries. One beneficiary per Trust.

Both are Complex Trusts.

Both have overall gains & distributions that should be passed along to Beneficiaries on K-1.

Level 13

It depends on the terms of the Trusts. They are Complex Trusts, so what do the terms say?

Distribute all income?

Distribute all gains or some gains?

Distribute for all needs, including Health and Welfare?

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