My 1041 for 2019 is taxing capital gains at ordinary income rates. (They are not distributed out to the beneficiaries.) Why does it assume ordinary treatment? And how can I choose capital gains tax rates?
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How much is the LTCG income?
What does it say at the bottom of the Sch D? How much is taxed at 0%? 15%?
Short term?
How much other income is there?
It is Long Term.
There is no other income.
I don't do that many trusts but I do think ordinary income treatment is not correct.
How much is the LTCG income?
What does it say at the bottom of the Sch D? How much is taxed at 0%? 15%?
Strongsilence, you marked mine as the solution. Was it 0%, 15%, etc?
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