Yes, we will accommodate the allocation of expenses to income for beneficiaries in the 1041 package. In addition, the preparer will have the choice of allowing the program to automatically calculate this by prorating income to expenses, or if desired, you can go into the Distribution Worksheet in the 1041 package and press F9 at the top of the form to the Deduction Allocation Worksheet and allocate the expenses in any way you wish.
This information applies to all years of the UltimateTax software.