Level 5

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Form 1041 Capital Gains Input

Forum|Forum|2 years ago
November 30, 2023
2 replies
15 views

I have many capital gains for Schedule D on a 1041 this year and do not want to attach the brokers statement of gains and losses as they will be reported under the deceased Social Security number since the trust number and the trust account did not get set up until after the transactions.

I can note the adjustments on the return. The Schedule D seems to only be allowing 2 transactions. How can I add an additional schedule D form?

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

"The Schedule D seems to only be allowing 2 transactions."

You can make as many entries on Sch D as you'd like, once youve completed one, just keep hitting the Enter button or Page Down button to go down to the entry table.

When those first 2 fields are empty it only looks like you can make 2 entries, but once youve got those first 2 completed, you're allowed to move forward and fill out more.

BobKamman

Level 15

Are you saying you want to do it the right way? Then just attach the pages that show the post mortem transactions. Add them up and just show the total on the 1041 Schedule D. The problem you might have is with the 1040, where the transactions you report will be less than what is on the 1099-B. I think there are some instructions on how to deal with these as "nominee distributions."

You really think anyone at IRS is going to look at whatever you attach to the 1041? As they say at IRS, "ask me if I care."

Y

Yari

Level 2

here is the error message

"the submission contains a form or schedule that MeF is not accepting as a binary attachment"

i am attaching pages from LT capital gains from the 1099B

Y

Yari

Level 2

sorry left off that it is a 1041

Just-Lisa-Now-

Answer

Intuit Community Champion

"The Schedule D seems to only be allowing 2 transactions."

You can make as many entries on Sch D as you'd like, once youve completed one, just keep hitting the Enter button or Page Down button to go down to the entry table.

When those first 2 fields are empty it only looks like you can make 2 entries, but once youve got those first 2 completed, you're allowed to move forward and fill out more.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

H

HubAuthor

Level 5

Thanks Lisa

You were spot on with the solution.

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