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Deductions & credits
There are different types of SNTs. Is the trust a QDT (QisT), for example?
Generally, meaning almost always, medical expenses are not deductible on Form 1041, but a QDisT does get a much higher exemption than other nongrantor trusts ($4,700 for 2023). In most all events, any income the trust generates would be taxable for the child (typically a huge advantage).
You really should seek guidance from a local tax professional for this matter.
‎December 30, 2023
8:17 AM