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Returning Member
posted May 31, 2019 4:58:26 PM

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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1 Best answer
Level 15
May 31, 2019 4:58:29 PM

2 Replies
Returning Member
May 31, 2019 4:58:27 PM

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

Level 15
May 31, 2019 4:58:29 PM