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New Member
posted Mar 23, 2022 1:35:31 PM

Are distributions from a GST Tax Exempt Trust taxable?

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2 Replies
Level 15
Mar 23, 2022 1:57:16 PM

That really depends upon the trust and to what, precisely, you are referring.

 

There are trusts that are exempt from GST, not exempt from GST, and partially exempt from GST.

 

If you received a distribution from any kind of a trust that is taxable, you should also receive a tax reporting statement. If in doubt, contact the trustee.

 

Expert Alumni
Mar 23, 2022 2:07:31 PM

T0 clarify, did you receive a distribution or are you a trustee?