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Get your taxes done using TurboTax
Something to understand. If you choose the Pre-TCJA rate on the screen ( parents' rates), your parent's qualified dividends and capital gain information are relevant in the calculation. Therefore, you will see the Qualified Dividends and Net Capital Gain worksheet line 5 information. However, if you do not choose the Pre-TCJA rate, it will be calculated with the estate and trust rate. Your parent's qualified dividends and capital gain information would not matter. Thus, you will not see the worksheet line 5 related information.
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March 16, 2020
10:47 AM