RobertB4444
Expert Alumni

Business & farm

You are not allowed to disburse funds in excess of the basis of the trust.  Clearly you had the money in the trust or you wouldn't have been able to disburse the funds.  You need to go back in to the trust information and change the starting basis of the trust at the beginning of the year to reflect the actual value of cash and properties that the trust held at the beginning of the year.

 

@cry-crackly0j 

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