MarkG5
Returning Member

Investors & landlords

This is the final year of the Revocable Living Trust. Grantors have passed. We sold farmland and made distributions to beneficiaries.  As executor of trust, I'm concerned about where this is reported in the 1041 Trust Return. Isn't this treated as capital gains and therefore taxed as such. I wanted to pay tax in the trust. Please call me and advise.