So to confirm, on the screen for Allocation of Short-Term Gain, I put the net ST gain from 1099-B, for Allocation of Long-Term Gain, I put the net LT gain from 1099-B, and for Other Gain Attributable to Income, I put the total of ST and LT gains from 1099-B. Where does 1099-DIV line 2a Total capital gain distributions go. And the trust agreement gives the trustee discretion to allocate capital gains to the beneficiaries.
Thanks for all of your help. This is the first full year for this trust and I want to get it correct and be consistent in future years for allocating gains to beneficiaries.
