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This would be a distribution of corpus. I realize the trust doc would have to give the trustee discretionary power to distribute principal. This would be a one-...
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It's an irrevocable trust doing a 1031 exchange looking to take out some boot. Normally capital gain is allocated and taxed to the trust as principal. However, ...
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So I shouldn't get an error message if a form 56 is not included with 1041??