Trust Schedule D

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Trust Schedule D - Capital Gains and Losses

Separate version of Schedule D is used for Form 1041. Adds Part III that summarizes the breakout between the trust’s and the beneficiary’s shares of the capital gains and losses. Capital losses are allocated to the beneficiaries in the final year of the trust ONLY. The total capital gains, GROSS of the capital losses will be passed out each year. Short Term Capital Losses are ALWAYS separately stated from Long Term Capital Losses.

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