Are payments out of a college trust to the college for the tuition something I need to report?
I manage my niece's trust, set up by her grandparents to pay for college. I made the first payment for tuition in 2019. How do I account for that on the trust's taxes?
Note also that the education expenses paid by the trust may include qualified education expenses that can be deducted by your niece (or her parents if she is a dependent) on Form 1040.