David Posted March 24, 2015 Report Share Posted March 24, 2015 I am preparing a 1041 for a decedent's complex trust. i am reporting all dividends and stock gains/losses to the trust and showing that all earnings have been distributed to the beneficiaries.Everything in the account has been distributed to the beneficiaries.One of the beneficiaries wanted a particular stock transferred to him and this was part of his distribution.Distributions of cash from other stock sales and dividends as well as the stock distributed to the one beneficiary were equally distributed.Do I need to report the distribution of the stock differently or just report distribution amounts equally for all beneficiaries?Also, there is $81K capital gain from stock sales. Doesn't this get allocated to the beneficiaries' K-1 since everything was distributed to them? The program is treating the capital gain as trust income and taxed at the trust level.Thanks. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted March 24, 2015 Report Share Posted March 24, 2015 Is this the final trust return? I think the return needs to be marked 'final' in order for the capital gains to flow to the bene's k-1's. 2 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted March 24, 2015 Report Share Posted March 24, 2015 Just report the distributions equally. Quote Link to comment Share on other sites More sharing options...
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