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Get your taxes done using TurboTax
if certain criteria are met, even a supposedly irrevocable trust, is for income tax purposes treated as a grantor trust. this means that for income tax purposes the trust is ignored and all the income is taxed to the grantor. so it would make no difference as to whether or not the income is distributed or reinvested. Get professional guidance.
‎August 15, 2020
10:00 AM