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Struggling with trust ( Complex) Capital Gains and a Distribution this year

Filing a Trust 1041 single beneficiary.  This year had Capital Gains of $15,038.00.  Took a Distribution of $50000.  Cannot figure out how to report this.  Turbo asking for  Allocation of Gains to Beneficiaries?  Would it be the 15038.00?  Where do I report the distribution? Or do I ?

Unrecaptured Section 1250 Gain?   What do I put here

28% Rate gain?  Do I calculate?

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1 Reply
M-MTax
Level 12

Struggling with trust ( Complex) Capital Gains and a Distribution this year

You have to allocate the gain both to income and the beneficiary in the program.

 

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