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?
You'll need to sign in or create an account to connect with an expert.
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
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Stickham
Returning Member
OverTheHill1999
Level 2
pgpg
Level 1
in Education
mbshadow1
New Member
mlpinvestor
Level 3