@relyonendyind416 wrote:
Is it true that when the capital gain is distributed to the beneficiary, the capital gain will be taxed at the beneficiary level so the trust does not pay tax on the capital gain?
Yes. However, you need to follow the exact procedure (outlined above) in TurboTax Business.
Ensure that you have allocated gain to income and to the beneficiaries. Thereafter, ensure that you have actually made a distribution.
Check your K-1s and 1041 in Forms Mode.
