CHANGING AND/OR ADDING BENEFICIARIES TO A TRUST FORM 1041

[ROCKYMAJIC]

I AM WORKING ON A FINAL TRUST RETURN.  THE ORIGINAL BENEFICIARY HAS PASSED AND I NEED TO ISSUE A K-1 TO THE NEW BENEFICIARIES.  I AM TRYING TO PASS THE LTCL TO THE NEW BENEFICIARIES.  

SO BASICALLY I AM TRYING TO DELETE THE OLD BENEFICIARY AND REPLACE HER WITH THE NEW BENEFICIARIES.  ANY ASSISTANCE WOULD BE APPRECIATED.

[Just-Lisa-Now-]

You should be able to edit the old K-1 worksheet to the new beneficairies info, or add a new K-1 worksheet for an additional beneficiary. 

Once you mark the 1041 as Final, the Cap Gains "should" pass out to the K-1s, if they dont, if you scroll down down down the Sch D, you'll find a table to allocate to the benes rather than the trust.