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?
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Click this link for info on Special Disability Trusts that may help you.
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.
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?
Click this link for info on Special Disability Trusts that may help you.
Thank you so much for finding this link - it answers my question and has examples
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