1041

[dlj72]

How do I allocate capital gains to the beneficiaries and include in DNI?  I want it to show up in Schedule D, Line 18a, column 1.

[BobKamman]

First make sure the trust allows that.  The default is usually allocation to the trust -- and unlike ordinary income, that often does not result in a higher amount of tax owed.  

I don't have the program open right now but there's a place on the 1041 Schedule D input page for switching allocation to beneficiaries, if that's what the law requires.  

[IRonMaN]

But I was under the impression that you used ProSeries instead of Lacerte 😉

[BobKamman]

@IRonMaN  Seen one program, seen them all.  But maybe not.  I get the impression Lacerte tries to make things harder because they think their users aren't as smart. 

[IRonMaN]

Anytime I see something that says -1 equals zero, I know I'm not in ProSeries anymore Toto.