- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
March 10, 2020
5:28 PM