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Norma Rae
Level 2
May 7, 2021
Question

How to mark a trust so that it pays it's own taxes

  • May 7, 2021
  • 1 reply
  • 6 views

I have a trust that wants to pay their own taxes and not have the income on the K-1s.  How do I get the Trust to pay the taxes?

This topic has been closed for replies.

1 reply

sjrcpa
sjrcpa
Level 15
May 8, 2021

It's not your choice. It depends on the type of trust and/or whether and how much distributions were made to beneficiaries and the type of income the trust has.

The more I know the more I don’t know.
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