Holly funded the Holly Marx Trust in January 2015. The entire trust income is payable to her adult son, Jack for 20 years. At the end of the twentieth year, the trust assets are to pass to Holly’s husband. In the current year, the trust realizes $30,000 of dividend income and a $15,000 long-term capital gain. How much income is taxed to the trust, the grantor, and the beneficiary in the current year?
https://www.ukbestwritings.com/wp-content/uploads/2021/05/uk-best-writings-300x45.png 0 0 Ukbwadmin https://www.ukbestwritings.com/wp-content/uploads/2021/05/uk-best-writings-300x45.png Ukbwadmin2021-07-08 16:17:042021-07-22 09:24:15Holly funded the Holly Marx Trust in January 2015. The entire trust income is payable to her adult..