How Taxes Paid for Trust Income?

by Patrick
(California)

When the trustee distributes the income to the beneficiaries, who pays taxes or how are the taxes handled in this situation?

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Feb 17, 2012
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starstarstarstarstar 		It depends...
by: Mo Johnson

Unfortunately, I have to give a weasel answer -- "it depends." It depends on the type of trust, the elections of the trustee and the state law. For more info, check out beneficiary taxes and living trust taxes.

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