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SherryCT
Level 1
March 11, 2021
Question

Trust

  • March 11, 2021
  • 1 reply
  • 0 views

Transfer from partnership funds to a Trust? Will the trust owe taxes on the balance left into the account?  If so why?  A trust is not taxable until the monies holding are disbursed?

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1 reply

IntuitAustin
IntuitAustin
Level 10
March 15, 2021
Thank you for your question! Since this is a tax advice question, we’ve moved it to our product discussions board for discussion among your peers.

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