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CAN A SIMPLE TRUST ELECT TO PAY TAX AT TRUST LEVEL OR MUST IT TAKE THE DISTRIBUTION DEDUCTION

October 28, 2016 • Anonymous • Log In to Post Comments

I have a trust filing late returns for several years. The beneficiaries are in dispute over the amounts

received by each beneficiary.  Can the trustee pay all the taxes at the trust level and not take the

distribution deduction?. The fact that the returns are late, does it affect the ability to make elections?

 

Appreciate any comments


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