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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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.
Does the trust document allow distribution of capital gains to beneficiaries?
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