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Business & farm
@Oak_Fid_Agent wrote:How can some of the income be allocated to the trust so that the trust pays the tax?
When you make a distribution in the program, you can make a selection as to how much (or what percentage) is allocated to the beneficiary(ies).
The qualified dividends will follow the ordinary dividends (in proportion) as qualified dividends are merely a subset of ordinary dividends.
March 3, 2024
7:08 AM