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Level 6
March 13, 2024
Question

1041 final return capital gains not distributed. Critical

  • March 13, 2024
  • 1 reply
  • 2 views

Client comes in with trust not too much income. Had not done a grantor return in the past but mother had died and wants final year. They want the trust to pay the $300 as of course everyone has already filed their returns. I get final return and capital gains have not been fully distributed as a critical.  Is there any way to do this keeping the beneficiaries off.

 

thx

Michele

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1 reply

BobKamman
Level 15
March 13, 2024

Sure, if you want to make your own rules and not obey the law.