Question
Form 1041 for a Complex Trust
I am preparing a return for a Complex Trust which has one individual beneficiary. I want to transfer all income (interest, dividends, and capital gains) from the Trust to the individual beneficiary via the K-1. It seems that it is possible to do this and thereby take advantage of the income distribution deduction on the 1041. Am I overlooking anything in arriving at this conclusion? Any comments will be appreciated. Thanks!
Mike
