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Trust Capital Gains taxation

My 1041 for 2019 is taxing capital gains at ordinary income rates. (They are not distributed out to the beneficiaries.) Why does it assume ordinary treatment?  And how can I choose capital gains tax rates?

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Accountant-Man
Level 12

How much is the LTCG income?

What does it say at the bottom of the Sch D? How much is taxed at 0%? 15%?

** I'm still a champion... of the world! Even without The Lounge.

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4 Replies 4
sjrcpa
Level 15

Short term?

How much other income is there?


ex-AllStar

It is Long Term.

There is no other income.

I don't do that many trusts but I do think ordinary income treatment is not correct.

0 Cheers
Accountant-Man
Level 12

How much is the LTCG income?

What does it say at the bottom of the Sch D? How much is taxed at 0%? 15%?

** I'm still a champion... of the world! Even without The Lounge.

View solution in original post

Accountant-Man
Level 12

Strongsilence, you marked mine as the solution. Was it 0%, 15%, etc?

** I'm still a champion... of the world! Even without The Lounge.