Thanks - One additional Clarification
Thanks so much for the information. I want to make sure I understand.
If I want to give all the credits to the beneficiary and not claim any of the foreign tax credit for the trust would the trust need to complete a 1116 to add to the 1041 and K-1 or just the beneficiary file a 1116 since she will be receiving all the income and all the credits from the trust?
Thanks so much for clarifying it for me!