View Single Post
Old 04-06-2021, 11:02 AM   #11
Senior Member
Join Date: Mar 2006
Location: Merrimack and Welch Island
Posts: 2,812
Thanks: 810
Thanked 1,046 Times in 653 Posts
Default Gains

Originally Posted by joey2665 View Post
Correct no cap gain tax unless the asset is sold or if a beneficiary sells there share of the trust, naturally the sale in interest of the trust has to follow the guidelines as set forth in that particular trust.

Sent from my iPhone using Winnipesaukee Forum mobile app
The operating fund/endowment invests in equities, sells something with a capital gain, there may be federal tax due depending on the amount and other tax related deductions.
Descant is offline