Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Does a complex trust pay taxes on income that is left after completing a Schedule K1 to a beneficiary that is a foundation? Should I add another entry to avoid the tax
Does a complex trust pay taxes on income that is left after completing a Schedule K1 to a beneficiary that is a foundation? Should I add another entry to avoid the tax
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
SherryCT
Level 1
04-06-2021
06:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
04-06-2021
06:46 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes the trust pays tax on income that is not distributed to beneficiaries. It also pays tax on capital gains as these are considered principal and not income.
Ex-AllStar
