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How to mark a trust so that it pays it's own taxes
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Norma Rae
Level 2
05-07-2021
06:57 PM
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I have a trust that wants to pay their own taxes and not have the income on the K-1s. How do I get the Trust to pay the taxes?
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1 Comment 1
sjrcpa
Level 15
05-07-2021
07:59 PM
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It's not your choice. It depends on the type of trust and/or whether and how much distributions were made to beneficiaries and the type of income the trust has.
The more I know, the more I don't know.
