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March 7, 2025
Question

While filing taxes for a trust, can the trust pay the tax owed?

  • March 7, 2025
  • 1 reply
  • 0 views
Or do I have to send out K1 and have beneficiaries pay the tax

1 reply

March 17, 2025

Yes, if the trust reports the income, in most cases the trust can pay the taxes before the distribution to the beneficiaries.