1041-US: Allocating all income except capital gains to beneficiaries (FAQ)

Alerts and notices


For a final return, can I allocate all income except capital gains to beneficiaries?


No. When you enter data in the Income required to be distributed (Force) field on Screen Dist in the Allocation folder, income will be allocated to beneficiaries in the following order: tax-exempt income until exhausted, capital gains until exhausted, and then all other income proportionally. 

Related topic: 1041-US: Beneficiary allocations FAQs