Accountant-Man
Level 13
12-07-2019
09:12 AM
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I can't tell sometimes if you are asking a question or making a statement.
If a trust has a requirement to distribute ordinary income, then the benes get taxed on it. Period. With or without distributions. Simple trust.
If the trust is not required to distribute income, then the trust pays the tax unless money is distributed. Complex trust.
** I'm still a champion... of the world! Even without The Lounge.