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TAX QUIZ What is the difference between discretionary vs ordinary income distribution 1041 complex trust? If elon waa a beneficiary to a trust and he
TAX QUIZ
What is the difference between discretionary vs ordinary income distribution 1041 complex trust?
If elon waa a beneficiary to a trust and he took out 10,000 out of the trust. should this amount be shown anywhere on the k1 he will receive like line 1 of the k-1? is his 10,000 entered under ordinary income distribution or discretionary distribtuon on the 1041 return? explain
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