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Business & farm
Depends upon the trust terms and, if silent, then state law.
If the trust pays any and all tax due on the sale, then a distribution can be made to the beneficiary(ies) tax-free.
The trust could also pass through the gain on the sale via the K-1s which would require the beneficiary(ies) to assume the tax liability.
March 3, 2025
7:03 AM