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- 1041 w / Brokerage Activity Only - Net Investment Tax
1041 w / Brokerage Activity Only - Net Investment Tax
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tccpg289
Level 4
05-06-2025
09:02 AM
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Where in the software do I ensure that the Net Investment Tax is calculating properly for a 1041 complex trust?
All income is distributed to the beneficiary, and the main pieces of income are dividends, interest, and capital gains.
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George4Tacks
Level 15
05-06-2025
10:08 AM
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If all income is distributed the trust would have no tax. The NIIT would show up on the individual returns and the nature of the income would transfer via the K-1.
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