I am preparing the final return for a Trust which has a carry-over capital gains loss from previous years. We sold land in 2020 which resulted in a gain to the Trust on that sale, I distributed an equal portion of the proceeds of the sale to the 3 beneficiaries during 2020. The gross proceeds did not eliminate the loss for the Trust. Do I need to report the $22K on a K-1 for each beneficiary? The Trust owned the land as a result of a death.
