Kobebean
Level 3

Hello,

 

I am doing a 1041 Simple Trust return that has capital gains from stock sales. This is a first and final return to close out an estate. Do capital gains from stock sales flow to the K-1 or are they responsible only to the Trust return itself. I am familiar with Trusts and K-1's in the past but they always had interest and dividend income.  I can't get gains to the K-1 for the two beneficiaries listed on the return. Not sure if I am doing something wrong. I listed two beneficiaries and each has 50% responsibility. That's the only income for the return. 

Any help is appreciated. 

Thanks

 

Rich

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