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T3 Trust Return - Federal tax on Schedule 11

SOLVEDby IntuitIntuit ProFile TaxUpdated July 13, 2022

Description


 


 Issue:

Federal tax on taxable income at line 21 on Schedule 11 is doubled in a scenario where all of the below applies:

1. Taxation year ends in 2016

2. Taxable income is greater than $200,000

3. The return is a testamentary trust type 903 or a grandfathered inter vivos trust.

 

Workaround: Override the amount at line 21 with the amount from line 8.


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