Question on the allocation of Capital Gains in a trust. Does the fiduciary/trustee have the option of choosing where the capital gains should be taxed - at the trust level or at the beneficary(s) level? I have a beneficiary that would prefer not to get K-1(s), and it looks like TurboTax Business 2021 gives the fiduciary/trustee the option of where to place the capital gains, both for the Fed and the State (CA). Note that I did distribute funds from the trust to the beneficiaries in TY2021, which was the source of the capital gains. I know the taxes will be higher on the capital gains in the trust. Thank you.
