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DTSTAMP:20260403T195236Z
DTSTART:20260921T170000Z
DTEND:20260921T190000Z
LOCATION: Your Desk
SUMMARY: Form 1041 Advanced Series Part 2: Cash and Property Distribution Issues WEBCAST
DESCRIPTION: One of the basic rules in fiduciary taxation is that the person or entity that receives the taxable income from the trust or estate is taxed on that income. The calculation of Distributable Net Income (DNI) and the Distribution Deduction determine the allocation of the tax burden between the fiduciary entity and the beneficiary. Therefore\, when distributions are made that carry out DNI\, the fiduciary entity operates as a conduit\, and the beneficiaries are taxed on the amounts reflected on the Schedule K-1. The fiduciary entity receives a corresponding distribution deduction. When taxable income is accumulated by the entity\, the fiduciary pays the tax. We will explore the various distributions made to beneficiaries and their impact on the entity's taxation.
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