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Get your taxes done using TurboTax
@Steelydan989 wrote:
What is the problem with this scenario?
There is an order of precedence (priority) in the taxation of trusts and estates. To the extent you make a distribution, DNI is carried out (pass through to the beneficiary(ies)). You cannot use an offset and also get an income distribution deduction in the manner you proposed.
March 26, 2022
12:27 PM