1041 Trust Return | Long-Term Capital Gains Allocation

andrew-malati · ‎12-28-2021

I have a complex trust that allocates long-term capital gains to corpus and does not distribute to beneficiaries. How do I get Lacerte to change the allocation on Schedule D Part III Line 18(a) from Beneficiaries to Estates/Trusts?

sjrcpa · ‎12-28-2021

If it's a final return the capital gains do go to the beneficiaries.

If not final, Screen 7. Remove whatever you've got in required or Other Long-term

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