The trust document is silent on capital gains. The tax law change a few years ago talks about a few ways for trustees to use their discretion in passing capital gains to beneficiary. When the trust gives income and discretion to give out principle, one of those ways is by giving the capital gains to the beneficiary on a consistent basis. Since I interrupted that by allocating the gains to the trust for 4 yrs, I'm wondering if there is a way I can go back to the beneficiary paying taxes on the capital gains.
