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After you file
@gnoga wrote:How can the inclusion of those values be prevented?
What are you trying to exclude and why? Does the trust provide authorization for you to do so?
Distributions carry out DNI and it would be rare (as in virtually never done) to distribute capital gains only but not other income, such as interest or dividends. In fact, tax law doesn't even allow you to do so (i.e., pick and choose which type of income winds up on the K-1s and which type winds up on the 1041.
March 18, 2025
6:12 PM