My father died 12/15/2025 his assets were held in trust. I am trying to complete his 1040 and short term 1041.
Entering the nominee portion of his interest was straight forward. I am having trouble with the dividend portion he had regular dividends, unrecaptured section 1250 gains, non dividend distributions, Long-term capital gains. tax exempt dividends, tax exempt dividend-AMT. do I include all of those in the dividend adjustment as a total. How are the exempt dividends adjusted for California where they are taxable. Do the tax exempt items need to be show separately on the 1041 trust document if so how.
