turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

test50
New Member

For a simple Trust (form 1041), schedule G, line 2a can the trust take the foreign tax credit or does it go to the beneficiary on Schedule K-1box 14b or neither?

Foreign tax paid from 1099-DIV.  Simple trust has 100% income paid to beneficiary.  Long term capital gains retained by trust.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

For a simple Trust (form 1041), schedule G, line 2a can the trust take the foreign tax credit or does it go to the beneficiary on Schedule K-1box 14b or neither?

3 Replies

For a simple Trust (form 1041), schedule G, line 2a can the trust take the foreign tax credit or does it go to the beneficiary on Schedule K-1box 14b or neither?

 
LMPorter36
Returning Member

For a simple Trust (form 1041), schedule G, line 2a can the trust take the foreign tax credit or does it go to the beneficiary on Schedule K-1box 14b or neither?

How and where in Lacerte is foreign tax information shown on Form 1041?

For a simple Trust (form 1041), schedule G, line 2a can the trust take the foreign tax credit or does it go to the beneficiary on Schedule K-1box 14b or neither?

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question