I am the Trustee on a Trust that was formed in 2008. The only assets are commercial land and a revenue producing building which are being sold. Turbo Tax is computing the long term capital gains rate at 28%. How should I be reflecting the transaction in Turbo Tax. I think the rate should be 15% and I must be reporting it incorrectly.
posted
October 10, 2024
11:13 AM
last updated
October 10, 2024
11:13 AM