turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Special Needs Trust definition of distribution to beneficiary

My disabled daughter has a special needs trust and I have recently taken over as trustee. 

 

She does not qualify for rental assistance from programs such as HUD Section 8 as she rents from a close relative

 

The trust pays her rent to her landlord. Is this a distribution for Schedule K-1?

 

 

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MarilynG1
Expert Alumni

Special Needs Trust definition of distribution to beneficiary

Click this link for info on Special Disability Trusts that may help you. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

4 Replies
MarilynG1
Expert Alumni

Special Needs Trust definition of distribution to beneficiary

You can file a Form 1041 for your daughter's disability trust through TurboTax Business.

 

Click this link for more info on reporting for a Qualified Disability Trust. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Special Needs Trust definition of distribution to beneficiary

Thank you. I am aware that I need to file a 1041 trust return. My question is specifically about the definition of a 'distribution' for schedule K-1 purposes. Any idea where I can get a definition of even some examples?

MarilynG1
Expert Alumni

Special Needs Trust definition of distribution to beneficiary

Click this link for info on Special Disability Trusts that may help you. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Special Needs Trust definition of distribution to beneficiary

Thank you so much for finding this link - it answers my question and has examples

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question