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How to make capital gains taxable to fiduciary instead of beneficiary in ProConnect Tax

SOLVEDby Intuit6Updated March 07, 2024

To report capital gains on Form 1041 instead of the Schedule K-1:

  1. Go to the Input Return tab.
  2. From the left menu, select Beneficiary/Grantor Info. > 1041 Distributions.
  3. Select the Distribution Percentages screen.
  4. For each beneficiary, change the Short Term and Long Term percent to zero.
    • This will remove the distribution from the Schedule K-1, and put the income on Form 1041, Line 22.

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