The irrevocable trust states under a section titled "Payment of income and principal" that the trustee shall pay me (my Dad) as much of the income and principal as I request in writing.
How is this reported on the 1041. Is it considered "other income" and a 1099 is issued?
In Turbo tax where is the deduction shown. The Trust should not be taxed as my Dad will be.
Any insight is appreciated.
