Have a complex irrevocable Trust w/ a minor as a beneficiary. Never had cap gains to distribute and Trust document doesn't mention how they should be handled. Regular accountant retired and have now received 2 different responses from 2 potential replacements. Because of a required stock sale the trust will have about $40k in net long term cap gains. Can that obligation be distributed to the beneficiary and off the Trust books? I have received two completely different responses from discussions w/ two professionals.
Any thoughts from folks that have worked w/ Cap Gains and Trusts?
Thank You
