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Beneficiaries want the complex trust to pay the tax. The trust is not calculating the tax using capital gain tax rates. Any idea why this is happening?

Panama
Level 1
 
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1 Comment 1
sjrcpa
Level 15

What the beneficiaries want does not control.

What does the trust document say?

Were distributions made?

Are there LTCG and Qualified Dividends, net after deductions, upon which to compute the capital gains tax?


Ex-AllStar
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