taxbattler
Level 2
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A couple of years ago I struggled with TT Business to allocate capital gains to a beneficiary. The trust agreement allows that capital gains can be allocated to...
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Thank you for trying this. I must have done something earlier in the return that is impacting my results. I'll redo my return.
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Thanks for your quick response. Do I understand that on the Income tab under the headng Allocation of Capital Gains/Loss, in the subsequent page Allocation of L...
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Thanks. So I'll apply the unitrust distribution to Tier 1 up to the amount of Accounting Income/DNI and any excess will not be reported.
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I'm trustee of a trust that has a 3% unitrust required distribution. It usually exceeds accounting income and DNI. From your previous response, the amount of ac...
Activity Feed for taxbattler
- Posted Re: I'm trustee of a complex trust and can allocate capital gains to the beneficiaries. I distributed $3,000 of $5,000 of the cg. What do I enter as distributions and alloc? on Investors & landlords. March 14, 2025 1:51 PM
- Cheered Re: How do I retrieve previous posts I have made in the community? for DoninGA. March 6, 2025 6:32 AM
- Posted Capital gains allocation to beneficiary of a trust on Business & farm. March 5, 2025 10:30 AM
- Posted How do I retrieve previous posts I have made in the community? on After you file. March 21, 2023 1:29 PM
- Got Cheered for Re: I'm trustee of a complex trust and can allocate capital gains to the beneficiaries. I distributed $3,000 of $5,000 of the cg. What do I enter as distributions and alloc?. February 9, 2023 4:43 PM
- Posted Re: I'm trustee of a complex trust and can allocate capital gains to the beneficiaries. I distributed $3,000 of $5,000 of the cg. What do I enter as distributions and alloc? on Investors & landlords. February 9, 2023 4:24 PM
- Posted Re: I'm trustee of a complex trust and can allocate capital gains to the beneficiaries. I distributed $3,000 of $5,000 of the cg. What do I enter as distributions and alloc? on Investors & landlords. February 9, 2023 3:53 PM
- Posted I'm trustee of a complex trust and can allocate capital gains to the beneficiaries. I distributed $3,000 of $5,000 of the cg. What do I enter as distributions and alloc? on Investors & landlords. February 9, 2023 3:28 PM
- Got Cheered for Re: 1041 Tier 1 vs Tier 2. February 11, 2022 8:13 AM
- Posted Re: 1041 Tier 1 vs Tier 2 on Get your taxes done using TurboTax. February 11, 2022 8:09 AM
- Posted 1041 Tier 1 vs Tier 2 on Get your taxes done using TurboTax. February 8, 2022 2:54 PM
- Posted Re: @scooter123 - Generally, first tier distributions are di... on Retirement tax questions. February 5, 2022 12:41 PM