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June 3, 2019
Question

Mom has two multi family homes in an irrevocable trust. Selling both homes. Does the trust pay capital gains?

  • June 3, 2019
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    1 reply

    June 3, 2019

    Capital gains are not income to the irrevocable trusts. They are considered as contributions.  The gains will not be distributed, and the trust will have to pay tax on the profit.