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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- Beneficiaries want the complex trust to pay the tax. The trust is not calculating the tax using capital gain tax rates. Any idea why this is happening?
Beneficiaries want the complex trust to pay the tax. The trust is not calculating the tax using capital gain tax rates. Any idea why this is happening?
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Panama
Level 1
03-09-2021
03:54 PM
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1 Comment 1
sjrcpa
Level 15
03-09-2021
04:09 PM
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What the beneficiaries want does not control.
What does the trust document say?
Were distributions made?
Are there LTCG and Qualified Dividends, net after deductions, upon which to compute the capital gains tax?
The more I know, the more I don't know.
