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Level 1
June 1, 2019
Question

What if the trust (complex) doesn't distribute all its qualifying income. Would it then get a QBI deduction for the ratio of retained income to total income?

  • June 1, 2019
  • 1 reply
  • 15 views
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1 reply

DanielV01
Level 15
June 1, 2019
The trust doesn't get the deduction.  The recipients may or may not get the deduction depending on their individual income and other factors.  The trust passes through the income to the recipients, and reports the income it has passed through that may qualify for the QBI deduction.
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