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Level 1
August 2, 2022

25538

  • August 2, 2022
  • 1 reply
  • 4 views
The following diagnostic is generating: This is a FINAL return and capital gains have not been fully distributed in Screen 7, 1041 Distributions. However, the estate wants to pay the taxes so I do not want to distribute the capital gains to the beneficiaries.
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    1 reply

    sjrcpa
    Level 15
    August 2, 2022

    You don't have a choice. That's how it works on a final 1041 return.

    Is it possible that this is not really a final return?

    The more I know the more I don’t know.