linduca1216
Level 7

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

          

 

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