Is there an override on the long or short-term determination on capital gain transaction of Form 1041
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Yes. Scroll down on the disposition screen for override LT or ST.
Thank you for the reply. When I select "Overrides" it remains in the Dispositions (Schedule D, 4797,...) screen after I select Overrides (greyed out). Thoughts?
@Mario100 are you hoping that the gains are distributed to the beneficiaries? I am unclear as to what you are asking.
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