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
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How much was distributed to the beneficiary in 2020, or at least, how much was required to be distributed to the beneficiary?
Does the trust document and/or state law permit capital gains to be distributed?
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