Discussion:Simple or Complex trust

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Discussion Forum Index --> Advanced Tax Questions --> Simple or Complex trust
Discussion Forum Index --> Tax Questions --> Simple or Complex trust

Amy Mellon (talk|edits) said:

18 March 2008
Hi evryone,

I am fairly new to this type of entity so any help would be greatly appreciated.

Is administrative a simple or complex trust?

Victor1530 (talk|edits) said:

18 March 2008
A simple trust is required to distribute the income, which can be passed thru to the 1040.

A complex trust can accumulate income and pay tax. What does the trust document instruct the trustee to do? That should answer the question.

Taxwizard (talk|edits) said:

18 March 2008
An administrative trust is generally a complex trust.

Lancermc (talk|edits) said:

18 March 2008
Post your profile, you will get more help. What does the trust document say about distributions? Therein lies your answer.

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