Taxes on distributions from an irrevocable trust
Are beneficiaries of an irrevocable trusts required to pay capital gains taxes on sales of appreciated equities ? My understanding is that they do not pay any income taxes.
Are beneficiaries of an irrevocable trusts required to pay capital gains taxes on sales of appreciated equities ? My understanding is that they do not pay any income taxes.
Permalink Submitted by Alan - IRA critic on Tue, 2021-04-13 15:26
It depends on several variables. See the following:
What Disbursements From the Irrevocable Trust Fund Are Considered Tax-Exempt? (zacks.com)