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March 24, 2025
Question

Form 1041

  • March 24, 2025
  • 1 reply
  • 0 views

I am preparing a 2024 complex trust tax return Form 1041.

There are long term capital gains that should be allocated to the beneficiary.

TurboTax is allocating this amount to the trust. 

Cannot figure out how to change this in TurboTax. 

It seems TurboTax does not provide any support for trust tax returns

 

 

1 reply

M-MTax
March 24, 2025

Allocate your gains BOTH to income AND to the beneficiary in the program. Then you will be able to make the appropriate distribution.