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Complex Trust - Capital Gain Distributed to Beneficiary Facts - Prepare Federal Return Only 1. Interest and dividends present 2. No tax-exempt income present 3.
Complex Trust - Capital Gain Distributed to Beneficiary Facts - Prepare Federal Return Only 1. Interest and dividends present 2. No tax-exempt income present 3. Long-term capital gain present - and distributed to beneficiary 4. Fiduciary and professional fees present 5. Interest 6,000 - Wilhem Bank Dividends (Qualified) 5,000- Gossage, Inc. Long-term Capital Gain $50,000 - 50,000 shs Sutter, Inc. Acq:1/23/16, Sold: 12/10/20, Sold $70,000, Acq. $20,000 6. Fiduciary fees 5,000 Accounting fees 5,000 7. Things to Note a. Effect of the long-term capital gain and its distribution to the beneficiary on the completion of Schedule D (Part III) on DNI (Schedule B) and as distributed (Schedule K-1) Additional Information: Client - Kahala Hoku RLT did June 01, 2018 Federal ID: 42-4242424 Date Created: 6/15/2009 Trustee: Lee Rivera Address: 42 Franco Way, New York, NY 10001 Beneficiary: Luis Arroyo, 1 Bullpen Road, El Paso, TX 56789 SSN: 123-45-6789 Distribution: $51,000
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