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Business & farm
It depends. You are not required to issue K-1s to the beneficiaries - the trust can pay the taxes due and then you skip the K1s. The trust usually has a higher tax rate than individuals do so most people don't want to do that. But if it isn't a lot of money then you can avoid those K1s and thereby avoid a filing requirement.
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March 20, 2025
7:20 AM