Capital Gains from P and T Distributions

Capital Gains assets with category type Z.

Capital Gains amounts received as the result of a Trust distribution and entered in the Distributions from trusts worksheet (dit) create an entry in the Capital Gains worksheet (g) attached to the income tax return. The category of the asset created by this method has category type Z.

If there is no Worksheet g attached to the return when the distributed amounts integrate to the return, the worksheet is created with the required entries.

From the Capital Gains worksheet index the details of an asset with category Z may only be viewed.

To maintain the details of these assets, open the applicable income tax return and from the applicable item, press [Enter]; or

• Preparation > Schedule > Distributions from partnerships worksheet (dip) or,
• Preparation > Schedule > Distributions received from trusts worksheet (dit).