Where does one report income from a distribution from a foreign trust?
Using trust distribution needs to have a USA address, and foreign income has to be "earned".
01247
1 Replies
Carl
Level 15
Jul 13, 2019 9:51:31 AM
Did you receive a K-1 or any other type of tax reporting document from the trust? There are many different types of trusts and just as many ways each type can be set up. There are a lot (and I mean a *LOT*) of factors that can come into play here.