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Distributions in Kind Relating to Trusts

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Are there special rules for distributions in kind? Under what circumstances does the trust recognize gain or loss? Under what circumstances is such a distribution not traced to DNI?

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The solution discusses distribution in kind related to trusts.

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Yes, there are special rules for distribution in kind by trusts. There are numerous issues that arise in such distributions, such as recognition of gain or loss by the trust due to such distribution, beneficiary's basis in the property being distributed and issues pertaining to amount of distribution to be ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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