Are contributions to a trust fund tax deductible?
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wthurnau
New Member

Are contributions to a trust fund tax deductible?

 
1 Reply
LindaB1993
Expert Alumni

Are contributions to a trust fund tax deductible?

There may be a tax deduction made for income that is distributed to beneficiaries.of the Trust.,. This is usually the original contribution plus subsequent ones and is income in excess of the amount distributed. Capital gains from this amount may be taxable to either the trust or the beneficiary.

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