Gains and losses as corpus

Normally, all capital gains not distributed to beneficiaries, including long-term capital gain distributions from mutual funds, are considered corpus. You can use the
100% of capital gains includible in DNI per trust document
,
Short-term capital gain includible in DNI if not 100% (Force)
,
Section 1231 gain includible in DNI if not 100% (Force)
, and
Other long-term capital gain includible in DNI if not 100% (Force)
fields on the
Dist
screen in the
Allocation
folder to mark all or part of capital gains as income rather than corpus. This information is used in the calculation of Schedule B, line 3, as well as in the calculation of accounting income.
Use the
Allocate ordinary gain / loss from Form 4797 to income
field on the
Dist
screen in the
Allocation
folder to allocate ordinary gains and losses from Form 4797 to income. These amounts automatically default to corpus.
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