MartyJM
Level 1
08-17-2024
01:44 PM
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If there is substantial S Corp stock in a separate property trust in Texas and the married couple have been paying taxes via their IRS married filing jointly returns reported by a K-1 from the trust on all earnings, not just distributed earnings (but also retained earnings). How is the spouse that does not have interest in the separate property trust get compensated for the half of the retained earnings they have paid the taxes on during the marriage?