areakopane areakopane

02-06-2022
Business

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do business trust income tax on income according to the conduit principle

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beinggreat78 beinggreat78

02-06-2022

Answer:

Yes, the grantor pays the taxes on the income that comes from the trust. They have complete control of the trust. Money is then placed into the trust, the rate it accumulates at is taxable as income to mostly the trust.

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