Thank you for your question. My name is XXXXX XXXXX I would be happy to help you today
How are you doing today?
Hi Megan - doing great, thank you
The gross amount would flow through to the Mass personal tax return, and state taxes paid would be deductible
Your answer is as I expected. Not true on the federal side since the Trust gets it back, correct? I wanted to make sure as I don't have a whole lot of Trust experience. Many thanks.
That is correct, the trust gets it back. You don't deduct federal taxes paid.
And you're welcome :-)
OK, great - I think we're all set. Great job.
Thanks so much. If you would, please rate me positive so that I may receive credit for assisting you todya
Thanks so much