Question

How do I report capital gains/loss info not provided on 1099-B (from Qualified Funeral Trust)?

Forum|Forum|5 years ago
March 15, 2021
1 reply
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The advice letter says it's to be reported on Schedule D, line 5 or line 12, but I don't know how to do that via Turbotax process. 'Doubt I'll be using Turbotax again!!!

TurboTax Premier Online

E

ErnieS0

It sounds like you received a Form 1041 Schedule K-1. To enter this into TurboTax:

Type trusts in Search
Click Jump to trusts
Say Yes on Schedules K-1 or Q
Start Estates or trusts (Form 1041). Enter your information as provided by your Schedule K-1. Long- and short-term capital gains will go on lines 3 and 4. TurboTax will move them to Schedule D lines 5 and 12

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