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Submitted 221 days ago...
How do I as trustee of an irrevocable trust file taxes on the trust?
The trust was established for the benefit of someone who is a recipient of SSI & Medicaid. Money is deposited into the trust, I as trustee provide non-monetary benefits for the beneficiary such as health, education, and general welfare with the trust funds. Does the trust alone pay taxes on the 1041 or is the burden of tax further passed on to either trustee or beneficiary with the K-1?
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