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Capital Gain Transactions

Mario100
Level 1

Is there an override on the long or short-term determination on capital gain transaction of Form 1041

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3 Comments 3
joantax
Level 3

Yes.  Scroll down on the disposition screen for override LT or ST.

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Mario100
Level 1

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?

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George4Tacks
Level 15

@Mario100 are you hoping that the gains are distributed to the beneficiaries? I am unclear as to what you are asking.


Answers are easy. Questions are hard!
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