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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1 Best answer
Ashby
New Member
Jun 4, 2019 6:01:44 PM
Yes, these are distributions to the beneficiary and would be reported on K-1.
1 Replies
Ashby
New Member
Jun 4, 2019 6:01:44 PM
Yes, these are distributions to the beneficiary and would be reported on K-1.