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Level 1
June 5, 2020
Question

On a final 1041 - how do I fully distrib capital gains? No K-1's. Estate is beneficiary. Very small numbers

  • June 5, 2020
  • 2 replies
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2 replies

IRonMaN
Level 15
June 5, 2020

Nothing gets distributed without a K-1.  The estate is beneficiary?

Slava Ukraini!
sjrcpa
Level 15
June 5, 2020

The beneficiary does get a K-1. In Screen 7 put 100.0000 for ST/LT capital gain as appropriate.

The more I know the more I don’t know.