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Complex Trust Return / Allocation of Long-Term Gain

I am using TurboTax Business 2020 for a return on a Complex Trust.  This trust has one Brokerage Account which has a portfolio of mutual funds and stocks.  The FI has issued a Form 1099-DIV which reported Dividends and Capital Gains Distributions (using Boxes 1a, 1b, 2a and 5).  

 

The Trust had no distributions to the beneficiary, all dividends & CG's were retained in the account.  As I step through the TT interview / questions, I have entered the data for the correct boxes.  Then the next step is "allocation of capital gains"  see screenshot:

Screenshot Allocation Step.jpg

 

So when I Update this section, I get the following screen to enter the portion of long term CG that is allocable to the beneficiaries as follows:

 

Screenshot Allocation of LT Gains.jpg

 

So I am a bit confused here about the terminology -- if there is no distributions do I enter $0?  or do I enter the full value in the first box for the Total Long-Term Gain?  Would appreciate any feedback or explanation, have tried to search various blogs and IRS publications on topic, but the wording seems to be unique to TT.  

Thanks!

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1 Reply

Complex Trust Return / Allocation of Long-Term Gain


@TaxesConfuseMe2 wrote:

...if there is no distributions do I enter $0? 


That is essentially correct; if there are no distributions of capital gains you would leave those fields blank.

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