Ok I'm preparing final 2020 Form 1041 for a trust that terminated in 2020 and this matter came up also. I have read the thread/comments and still not sure what figure I put in the box, or how it affects my return. I (as trustee) sold all assets to liquidate trust and I have $66,152 in capital gains. Paid out $275,000 each to 2 beneficiaries so all such money has been distributed. Do I put $66,152 in box? All else on the return appears correct and understandable.
