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February 25, 2024
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1041 Distribute capital gains

  • February 25, 2024
  • 1 reply
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I'm using 2023 TurboTax Business for a 1041 Trust return and K1.  The TurboTax default is to exclude capital gains from distributable net income.  Although it is evidently not common, in my circumstance the Trust capital gains can be distributed and included on the K1.   

How do I get TurboTax to include capital gains as part of DNI?  I have been unable to figure out how to successfully override this.

Thank you for any guidance!

Best answer by Anonymous_

 

 

 

1 reply

Employee
February 25, 2024

 

 

 

February 25, 2024

Thank you!  That's exactly what I needed.