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If a trust doesnt distribute income this year and pays taxes on it. When if distributes that income next year to beneficaries do beneficiaries have
If a trust doesnt distribute income this year and pays taxes on it. When if distributes that income next year to beneficaries do beneficiaries have to pay tax on it since the trust paid it last year?
why would a trust not distribute if the beneficiaries still have to pay taxes in future years? wouldnt they just technically pay taxes twixs ? now for retaining the income and when they distribute that income in future it is taxed at beneficiary level? pls explain
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