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How to allocate trust capital gain on a trustee return.....in a year that there are distributions to beneficiaries.
Refers to 1041 for Trusts
this question was asked 3 years ago. However the screen shots have disappeared so that the answer is no longer helpful.
I need to allocate capitol gains to the beneficiary but TT 1041 Part D forces it to go to the trust. I cannot figure out how to override this. I have a distribution amount that covers includes the capitol gains, but the generated K-1 ignores any distribution that is greater than the amount for dividends.
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‎June 1, 2019
9:33 AM