Deduction Allocation When Capital Gains Remain in Fiduciary

[loricpa100]

This was on option for help when you search, yet when you click on the hyper link - It says the help has moved and brings you to the new community board - and there is no guidance.  Maybe this cannot be done? Yet for the life of me I cannot seem to override, nor find the instructions to have all of the deductions stay in the Trust to reduce my tax on the capital gains being taxed.  Any ideas how to do this and bring down the overall taxable income to the trust? 

The only deductions I am wishing to retain and deduct in full (vs. tier or prorata) are accounting fees and CA state tax.  Thanks!

[George4Tacks]

Is this the help article? https://proconnect.intuit.com/community/help-articles/help/fiduciary-taxes-and-fees-frequently-asked... OR is it https://proconnect.intuit.com/community/help-articles/help/fiduciary-taxes-and-fees-frequently-asked... If so we want to let @IntuitAustin know about the broken links.

Capital gains are considered Corpus and not income. Expenses are paid from income and hence you end up where you are. Tax on the capital gain and all expenses passed through to the beneficiaries. IF the trust says to pass or distribute the gains, that is a different story. What does the trust say? 

[IntuitAustin]

Thanks for tagging me George. I'm submitting this to our content team to resolve the broken links. 

[IntuitBettyJo]

Hi there, 

Austin is out this week, but I wanted to let you know that this content has been updated. 

Cheers! 

Betty Jo