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iitzen
Returning Member

How can you distribute all trust income prior to year-end if you don't have all income information until after Jan. 1?

Is undistributed trust income taxed?  Can you distribute trust income in January without being taxed?

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How can you distribute all trust income prior to year-end if you don't have all income information until after Jan. 1?

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iitzen
Returning Member

How can you distribute all trust income prior to year-end if you don't have all income information until after Jan. 1?

The trust is getting income from an LLC which won't be final until after Jan. 1.

How can you distribute all trust income prior to year-end if you don't have all income information until after Jan. 1?

 

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