sjrcpa
Level 15
07-02-2020
12:48 PM
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30,000 was a distribution from the trust to or for the beneficiary. 30,000 is eligible for the medical expense deduction.
In general, capital gains are taxed to the trust. There is an income distribution calculation on page 2 of the 1041.
You're mixing apples and oranges.
The more I know the more I don’t know.