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February 6, 2024
Question

Where to input the capital gains as corpus, not as income?

  • February 6, 2024
  • 1 reply
  • 0 views

I am using Turbo Tax Small business desktop for filing complex trust tax return. I have capital gains which are allocated to corpus. Unfortunately, TurboTax lacks a dedicated option for this scenario and has consequently treated the allocated capital gains as regular income. I would appreciate guidance from someone knowledgeable on how to accurately report this situation. 

1 reply

February 14, 2024

Yes.  Follow the instructions here and you should be good.

 

@TianYuan 

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TianYuanAuthor
February 19, 2024

Thanks. That's helpful.