When trust beneficiaries receive distributions from the trust's principal balance, they don't have to pay taxes on this disbursement. The Internal Revenue Service (IRS) assumes this money was taxed before being placed into the trust. Gains on the trust are taxable as income to the beneficiary or the trust.What about the tax rates of distributions from a trust? I’m worried about young children inheriting a large amount of money, but if I understand it right there are significant tax rates for controlling when they get money via a revocable trust.
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Statistics: Posted by rasputin — Thu Mar 14, 2024 9:45 pm — Replies 8 — Views 494