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FINAL YEAR TRUST RETURN
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dsocpa
Level 7
03-23-2026
07:43 PM
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Assets consisted of stocks and bonds which were sold 4 days after death of the spouse (trustee and beneficiary). After liquidating sale, the cash was distributed to the beneficiaries. On the k-1 for each beneficiary there should be 0 earnings. The program says to enter via direct entry. I can't seem to enter directly without overriding. the fields on the k-1.
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BobKamman
Level 15
03-23-2026
08:02 PM
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There is probably a small amount of gain or loss on the Schedule D. That should flow through to the beneficiaries. So should any administrative expenses. Stock and bond prices fluctuate.
Do you mean the spouse was the trustee and grantor? Unlikely that the decedent was beneficiary. And after death, there should be a successor trustee. Someone has to sign the return.
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