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Old 11-16-2015, 02:15 PM
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Does K1 Dollars for Irrevocable Trust have to be Distributed?

We have an irrevocable trust that generates income each year that we K1 to a beneficiary with the lowest tax bracket or effective taxes to reduce overall taxes paid. The question is does there actually have to be a transfer of funds to that individual or can they be kept in the trust? In other words can you K1 for tax purposes and leave the money in the trust?



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