My girlfriend is getting her trust fund distributed of17K$Each year till she is 21 from age 18.That being said-could she gift each years worth to avoid taxes on the trust

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No. Gift tax is paid by the giver (when applicable) and it doesn't change the requirement to include income on her personal return.

Only income earned by and distributed from the trust is taxable. For more information she should seek legal council for all the details about the trust and how it affects her.

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schedule 1 part 1 8z list 12,832 for qual state tuition prgm from 1099-1. Why was that added as other income? All distributions were qualified expenses.

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My girlfriend is getting her trust fund distributed of17K$Each year till she is 21 from age 18.That being said-could she gift each years worth to avoid taxes on the trust

My girlfriend is getting her trust fund distributed of17K$Each year till she is 21 from age 18.That being said-could she gift each years worth to avoid taxes on the trust

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My girlfriend is getting her trust fund distributed of17K$Each year till she is 21 from age 18.That being said-could she gift each years worth to avoid taxes on the trust

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My girlfriend is getting her trust fund distributed of17K$Each year till she is 21 from age 18.That being said-could she gift each years worth to avoid taxes on the trust

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