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Get your taxes done using TurboTax
First of all, long-term capital gains and interest income are taxed differently on the federal level.
More importantly, capital gains are typically (by default) considered to be corpus and remain with the trust (i.e., are taxable for the trust and not distributed to the beneficiaries, at least not until the final return is filed or the trust directs otherwise).
‎February 4, 2024
6:53 AM