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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?

 

 

 

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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"

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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

 

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