Breakout session 2 | When can a trustee pass out capital gain?

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Typically, capital gain recognized inside a trust is reported on its annual fiduciary income tax return. However, there are times where it is advantageous to the trust and the beneficiaries if the capital gain is reported to the beneficiaries on a K-1.

This session will describe:

• Why it can benefit the beneficiaries and when passing out capital gain is permissible under the Code.
• Why passing out capital gain may be beneficial. 
• When passing out capital gain to beneficiaries is appropriate and permissible.
• What the legal authority to review when making a determination.

Speaker: Justin Meyer, Parkside Financial Bank & Trust, Clayton