For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

posted

Connect with an expert

3 Replies

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

and not distributed to the sole beneficiary on K-1

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

A Simple Trust may be able to retain capital-gain if the trust document allocates capital gain to corpus. Click here for the IRS webpage on this subject and click here for a Turbotax article with the appropriate citation.

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

@Guy500

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

Do you have an Intuit account?

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

For a simple trust, can capital gains distribution from a 1099-DIV be retained in the trust as a long-term capital gain, and how to do that with Turbotax Business 2016?

Unlock tailored help options in your account.

Get more help