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Leavitt & Leavitt, PLLC

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grantor trust

How Are Trusts Taxed?

Trusts are useful vehicles both during life and after death. This article examines how trusts are income taxed. Grantor trusts are taxed to the grantor, regardless of whether the income is distributed to them. Nongrantor trusts are separate taxpaying entities but get a deduction for distributions to beneficiaries. Read the article to learn more.

How Are Trusts Taxed?

Where we are

Leavitt & Leavitt, PLLC
7251 W. Lake Mead Blvd. Suite 300
Las Vegas, NV 89128
United States (US)
Phone: (702) 562-4069
Email: info@leavittleavitt.com

Opening Hours

Monday8:30 AM - 6:00 PM
Tuesday8:30 AM - 6:00 PM
Wednesday8:30 AM - 6:00 PM
Thursday8:30 AM - 6:00 PM
Friday8:30 AM - 6:00 PM

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