Discussion:Allocation of AMT adjustment in trust's final year

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Revision as of 01:25, 6 April 2009

Discussion Forum Index --> Advanced Tax Questions --> Allocation of AMT adjustment in trust's final year
Discussion Forum Index --> Tax Questions --> Allocation of AMT adjustment in trust's final year

JAD (talk|edits) said:

6 April 2009
The trust is final in 2008. The ordinary income is allocated to the income beneficiary. The pecuniary gain on funding is allocated to the residual trust.

Lacerte is allocating the whole AMT adjustment to the income beneficiary. Is there any basis to allocate some of the AMT adjustment to the entity receiving the allocation of capital gain? I cannot find any guidance.

Thank you for any help.

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