Are Trust Distributions Taxable?

Learn about when and how trust distributions are taxable to the beneficiaries of the trust.

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[hamid]

Lee:
Watching your YouTube video is fascinating. So open, honest talk, plain and clear to the point and above all no hidden point. You lay it out. Just two words “Thank You”

[MsShep]

thank you..my mother is 96 and has 2 annuities in her Trust..I am guessing the profit is taxable after she's gone...you info was very valuable and easy to understand

[airbmac]

Lee, if you get a distribution of principle from a trust that has dissolved, can you immediately roll that over tax free into a Roth IRA so the Cap gains are tax free? Where can I find out more about this?

[abcjme]

* the audio's only on 1 side again 😢

[thepatriarchy]

If the income is left in the trust to continue earning more income, yet recognized as income on the owner's tax return each year, does that then become a tax free distribution when the owner dies and the kids get the pile ???

[jgstrick]

What if not all beneficiaries can receive distribution yet. Is their portion kept as trust tax while those who have received distributions taxed as income or is it all taxed as trust until all distributions are made?

[ldstiesto]

Very awesome channel, I’ve learned a lot. Thanks

[coleboonecustoms]

If the distribution of principal was from an IRA in the trust, then it is taxable to the beneficiary because income tax was not paid by the settlor. Again, the IRS always gets their bite.

[swedishmanguy]

Are there trusts that deal with cryptocurrency yet?