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Level 2
March 18, 2025
Question

Final trust DNI requirement for capital gains to beneficiary

  • March 18, 2025
  • 1 reply
  • 9 views

Is there a way to overide the DNI income pass thru requirement to beneficiaries of capital gain gains in a final complex trust? Beneficiaries did not wait to file their individual tax returns and it is only $600 of total capital gains. Trustee would rather the trust just pay the tax.  Don't see how to make this election. Any help would be appreciated.

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    1 reply

    BobKamman
    Level 15
    March 18, 2025

    In other words, any way to cheat on a 1041 instead of cheating on a 1040?  No, I don't think so.