ROCKYMAJIC
Level 1
‎06-08-2023 12:27 PM

I AM WORKING ON A FINAL TRUST RETURN.  THE ORIGINAL BENEFICIARY HAS PASSED AND I NEED TO ISSUE A K-1 TO THE NEW BENEFICIARIES.  I AM TRYING TO PASS THE LTCL TO THE NEW BENEFICIARIES.  

 

SO BASICALLY I AM TRYING TO DELETE THE OLD BENEFICIARY AND REPLACE HER WITH THE NEW BENEFICIARIES.  ANY ASSISTANCE WOULD BE APPRECIATED.

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Just-Lisa-Now-
Level 15
Level 15
‎06-08-2023 01:23 PM

You should be able to edit the old K-1 worksheet to the new beneficairies info, or add a new K-1 worksheet for an additional beneficiary. 

Once you mark the 1041 as Final, the Cap Gains "should" pass out to the K-1s, if they dont, if you scroll down down down the Sch D, you'll find a table to allocate to the benes rather than the trust.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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