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MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2342
Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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Is qualified dividend income taxable to a complex trust on

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Is qualified dividend income taxable to a complex trust on the first dollar? When I complete the qualified dividends tax worksheet for Schedule G line 1a it tells me I have taxable income but no tax.

Dear bdsdillon -


Trusts like individuals have a 0% rate on qualified dividend income if the trust is in the 10% - 15% bracket on its income.

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