BobKamman
Level 15
04-03-2023
11:05 AM
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I think the question is: Distributions were made, what do I do now, since some of these beneficiaries were not told to expect a K-1 and they have already filed their returns.
The answer is: The trust can't pay the tax. The beneficiaries must.
Sometimes you can play around with the capital gains, but the rest of the income flows through.