Eric Hodel (drbrain) wrote,
Eric Hodel
drbrain

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Enclosed is a check [...] representing the initial [...] distribution of your beneficiary's trust fund in the [...] Trust. In early 2006 you will be sent a Schedule K-1 reporting this to the IRS as a 2005 distribution. It is my understanding that this distribution is not taxable to you as the trust has been reported and paid income taxes on all earnings of the trust through December 31, 2004.


If that's true my tax burden will go from burdensome to reasonable.
Tags: taxes
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