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Charitable Remainder Unitrust Required Distribution

codeblue123
Level 2

Client setup a Charitable Remainder Unitrust and paid out distributions that were less than the required distributions for the year.  They used 6% all year instead of 7% per agreement documents.  Should they distribute out more this year to get these distributions caught up to 7% for the prior year?

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PKCPAMST
Level 5

A CRUT can make its required annual payments within a reasonable time after year-end. According to the regs., the time up to the extended due date of the CRUT’s tax return  is reasonable. See Reg. §1.664-3 for details.

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PKCPAMST
Level 5

A CRUT can make its required annual payments within a reasonable time after year-end. According to the regs., the time up to the extended due date of the CRUT’s tax return  is reasonable. See Reg. §1.664-3 for details.

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