Hello, I am working on preparing a Trust Tax return for my deceased Mother In Law. There is one Beneficiary of this trust, her granddaughter who is under 18. The granddaughter is subject to a RMD each year. The RMD Distribution was $1,100 for 2024. This year turbo tax is asking me about the allocation of Long Term Capital Gains> The full question is Enter the portion of your long-term capital gain of $47,223 that is allocable to the beneficiaries? Do I report the amount that was paid to the Beneficiary $1100? Or do I report the $47,223 since all of this money is for the beneficiary?
