Investors & landlords


@Barb8 wrote:

 All income and capital gains are supposed to be allocated out to the beneficiary on Form K-1 1041, leaving not taxable income for the trust.


You have to allocate the gains to the beneficiaries and to income in Step-by-Step (see screenshots) and then, of course, make a distribution.

 

Trust Cap Gain1.pngTrust Cap Gain2.pngTrust Cap Gain3.pngTrust Cap Gain4.png