A follow up question. Is "Income" the money that went directly to the beneficiary in their checking account? This is as opposed to "capital gain" that is left in the trust, of which I paid the tax due from my personal funds. The beneficiary "received no income" nor did I take any of the funds (it is discretionary). I am letting this account grow (murdered by the recent stock market drop) for the time when I am no longer able to care for my special needs dependents (I have two!) Thank you for taking the time to reply. I am hoping that more explanation of this form will follow in future years.
