sjrcpa
Level 15
03-08-2020
12:28 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Capital gains are corpus. On a final year return they get distributed to the beneficiaries if there are any.
Except for a final year the concept is "income" distribution deduction. No distributions = no deduction. No income = no deduction.
What the attorney wants sound like it is the correct answer for this tax year.
The more I know the more I don’t know.