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Get your taxes done using TurboTax
well, yes and no
The Trust has do complete a tax return with K-1's to cause the income (and any tax) to go on the beneficiaries income tax.
is it possible the CPA said, the trust doesn't have to pay any tax because everything is going on the beneficiary's tax return? that would make sense
Suggest calling that CPA and clarifying what you need to be doing for 2020.
‎April 17, 2021
10:44 AM