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Business & farm
"How to allocate trust capital gain on a trustee return.....in a year that there are distributions to beneficiaries."
If the trust instrument and local law allow you to allocate capital gain to the beneficiaries, then the allocation, using TurboTax Business, is done as shown in the screenshots below.
Further, do not forget to make an actual distribution in the Distributions section of the program.
‎June 5, 2019
6:07 PM