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Income Only Trust Form

Income Only Trust Form

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capital gains and income what's your purpose capital gains and income what's your purpose a little ditty eye came up and thinking about an irrevocable trust and Taxation captured through the trust because generally capital gains are picked up on the trust tax returns this is due to a concept called dni distributable net income and generally capital gains are not included in the dni computation what this means is that you could have a trust beneficiary who receives principal distributions due to realize capital gains within the trust but does not have to pick up those gains on his or her own personal income tax returns instead the trust will pick up those gains and this is something that the SAT lore the person setting up the trust can think about and plan for with his or her estate planning attorney and although there may be some kind of maneuvering that can be done even if this is not determined in the trust agreement you want to provide the most flexibility to your tr

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