M-MTax
Level 15

Investors & landlords

I think you must have overlooked something in the program.

 

My understanding is you have to check some box that indicates the return is the final return. Also, you have to somehow in the program allocate capital gains to income and to the beneficiaries and then make a distribution of the entire amount. If you leave anything in the trust (i.e., amounts not distributed), the trust will absorb any tax due.