linduca1216
Level 7
09-04-2020
11:29 AM
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RE: 2 different scenarios
If the trust does say "out of the income," and the contrib exceeds that amount, can the K-1s reflect the beneficiaries' amounts exceeding the income?
If the trust does NOT say "out of the income" Can the contrib be reflected on the K-1s for the beneficiaries? (I'm thinking not...)
Thanks~~ (I think I'm beating a dead horse, here..)
Linda