palois
Level 1
03-18-2019
04:52 PM
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A trust 1041 has a charity listed as a 20% beneficiary, 80% to one other beneficiary. This year there is interest, dividend and IRA income (the IRA had trust named as beneficiary). Distributions were made to the beneficiaries. Does the charity get a K-1? On the surface it does not seem as if this is a charitable deduction for the Trust as the charity is a named ongoing beneficiary but I am not certain if a charity can receive a K-1.
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