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As a general rule, trust distributions are not taxable income. However, you may be required to report a share of the trust's or estate's income on your tax return. Only the trustee or executor of the estate will know for sure, so you should contact that person.
As a general rule, trust distributions are not taxable income. However, you may be required to report a share of the trust's or estate's income on your tax return. Only the trustee or executor of the estate will know for sure, so you should contact that person.
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