Solved: Are financial support and paid bills considered distributions from an irrevocable trust
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haouligurl
New Member

Are financial support and paid bills considered distributions from an irrevocable trust

As a trustee I pay bills, school funding and some cash for support to the beneficiary.  Are these considered 'Distributions" to them for the purpose of taxes?

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Accepted Solutions
Ashby
New Member

Are financial support and paid bills considered distributions from an irrevocable trust

Yes, these are distributions to the beneficiary and would be reported on K-1.

View solution in original post

1 Reply
Ashby
New Member

Are financial support and paid bills considered distributions from an irrevocable trust

Yes, these are distributions to the beneficiary and would be reported on K-1.

View solution in original post

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