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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- Re: Capital Gain Transactions
Capital Gain Transactions
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Mario100
Level 1
02-19-2022
09:26 AM
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Is there an override on the long or short-term determination on capital gain transaction of Form 1041
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3 Comments 3
joantax
Level 3
02-19-2022
10:24 AM
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Yes. Scroll down on the disposition screen for override LT or ST.
Mario100
Level 1
02-19-2022
12:10 PM
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Thank you for the reply. When I select "Overrides" it remains in the Dispositions (Schedule D, 4797,...) screen after I select Overrides (greyed out). Thoughts?
George4Tacks
Level 15
02-19-2022
12:29 PM
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@Mario100 are you hoping that the gains are distributed to the beneficiaries? I am unclear as to what you are asking.
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