Activity Feed
- Posts
- Replies
-
So, just to be clear, the trust can take the deduction and the distributive share of income to be reported by a beneficiary can be reduced by the amount of inco...
-
That's fine, but the $27 is not the issue.The issue is the tax impact if both the trust (by way of a deduction each year) and its beneficiary (through a corresp...
-
They aren't necessarily consistent.I haven't investigated the "why" at this point, but in one of the alternatives taking a deduction for state income taxes vs....
-
No, the trust's tax liability pretty much stays the same.What is bothering me conceptually is that the same taxable item is reducing both the trust's liaiblity ...
-
There is nothing going on between me and the beneficiary as I am the beneficiary.There is no double benefit to the trust as the trust is getting one deduction f...
