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Chris: Tax exempt should be tax exempt. Were there capital gains involved?
yes, LTG of $ 53,137
That's probably where the tax is coming from? Generally the capital gains aren't passed through to the beneficiaries except in the final year of the trust. I can't remember the details of the trust at the moment. If the Trust permits it there's no reason why the capital gains aren't passed through. I know in MA I had an legal opinion that it could be done; (truthfully I'm not sure the lawyer actually knew, but I wasn't going to ask twice :]) it also depends on local law;
Hey Chris, are we all set on this one now?