Charitable Remainder Unitrust Required Distribution

Forum|Forum|5 years ago
June 8, 2021
1 reply
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Client setup a Charitable Remainder Unitrust and paid out distributions that were less than the required distributions for the year. They used 6% all year instead of 7% per agreement documents. Should they distribute out more this year to get these distributions caught up to 7% for the prior year?

Lacerte Tax

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Best answer by PKCPAMST

A CRUT can make its required annual payments within a reasonable time after year-end. According to the regs., the time up to the extended due date of the CRUT’s tax return is reasonable. See Reg. §1.664-3 for details.

P

PKCPAMSTAnswer

Level 6

A CRUT can make its required annual payments within a reasonable time after year-end. According to the regs., the time up to the extended due date of the CRUT’s tax return is reasonable. See Reg. §1.664-3 for details.