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Under Part 3 of Form 1041, what capital gains are

allococated to the beneficaries versus...
Under Part 3 of Form 1041, what capital gains are allococated to the beneficaries versus the Estate or Trusts?
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3/9/2018
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,820
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Hi, Christine.

Thank you for requesting me, but I will have to opt out of this one so another expert with greater expertise can assist you.

Best regards,

Barb

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Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,744
Experience: Taxes, Immigration, Labor Relations
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I assume that you meant schedule D Part III

https://www.irs.gov/pub/irs-pdf/f1041sd.pdf

That allocation are rare used - but when used it is governed by

Regulations section 1.643(a)-3

https://www.law.cornell.edu/cfr/text/26/1.643%28a%29-3

You will find examples in regulations to illustrate allocations.

But again - in practice - that allocation is used very rare.

Lev
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