I am filing my 2022 form 1041. On schedule B, lines 6&7, the capital gains is not part of the distributable net income. The capital gains were reported on my 1099-div, Box 1D and were part of the income I received from the trust. Why is this so? It doesn't make any sense to me.
Thanks in advance for shedding some light on this subject.
You'll need to sign in or create an account to connect with an expert.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
RickBates
New Member
viper15-jl
New Member
tsr-company
Returning Member
marie2023
Returning Member
ghegewald
Level 3