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Get your taxes done using TurboTax
Hi, @Chapmlg509m3 , thanks for the question! But unfortunately, I am not allowed to advise specifically on issues relating to trusts, my apologies! I can only state in general that capital gains or losses from a revocable trust are normally reported on the grantor's personal tax return. Additionally, beneficiaries may need to report capital gains on their personal returns if they received distributions that created such. I hope this is helpful!
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‎June 28, 2023
11:15 AM