65 Day Rule For Trust Distributions 2025 . Trustees Save on Taxes with the Trust Distributions 65Day Rule 65-Day Rule: The Tax Code also permits some planning during the first 65 day of the calendar year, where the trustee can make distributions via an election that will count toward the prior year's distribution to the trust beneficiary from the trust To determine if this election is optimal, there are many considerations advisors and trustees must make.
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For example, a distribution of $700 of trust income by the trustee to a beneficiary on January 20, 2025, can be treated as having been made in the 2024 tax year or the 2025 tax year [IRC 663(b).] This rule applies to a complex trust; a simple trust where net income is required to be distributed to trust beneficiary yearly.
Unlocking the Secrets of the 65Day Rule for Trust Distributions Nor will a grantor trust qualify for this 65-day rule The election is made by the trustee on the trust's tax return deadline of April 15, 2025, or September 30, 2025, for returns on extension. Nor will a grantor trust qualify for this 65-day rule
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