Bart Posted January 26, 2009 Report Posted January 26, 2009 Only trust asset is a farm. The trust sells the farm. Can this capital gain be passed out to the beneficiaries so they pay the tax? Quote
RoyDaleOne Posted January 26, 2009 Report Posted January 26, 2009 It depends on State Law and the wording in the trust. I believe the trust capital gains tax rate is the same as an individual's capital gains tax rate. Namely, 15%. Quote
OldJack Posted January 27, 2009 Report Posted January 27, 2009 If the trust document allows it, the trustee can allocate the capital gains to the beneficiaries to pay the tax. Quote
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