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Where to input the capital gains as corpus, not as income?
I am using Turbo Tax Small business desktop for filing complex trust tax return. I have capital gains which are allocated to corpus. Unfortunately, TurboTax lacks a dedicated option for this scenario and has consequently treated the allocated capital gains as regular income. I would appreciate guidance from someone knowledgeable on how to accurately report this situation.
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‎February 5, 2024
8:42 PM