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If a beneficiary of an irrevocable trust (the grantor was…

If a beneficiary of an...
If a beneficiary of an irrevocable trust (the grantor was his father, now deceased) has medical expenses paid out of the trust, are they able to deduct those expenses from their personal return?
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Answered in 41 minutes by:
7/19/2017
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,974
Experience: Taxes, Immigration, Labor Relations
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If funds are reported as distributed from the trust to the beneficiary - then - yes - the beneficiary will treat these payments are deductible medical expenses.
If - for instance - that is a special needs trust - and funds are NOT reported a distributed to the beneficiary - deduction for medical expenses would not be allowed.

Please provide more details for specific determination.

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Customer reply replied 11 months ago
The beneficiary receives a K-1 showing interest and dividend income. Does it matter if the distributions are more than that?

That will make no difference.
Distribution from the trust may be taxable (if comes from income) or not taxable (from corpus) or a combination of both - and in any case funds belongs to the beneficiary.

Thus - if that is not a special need trust - payments made directly from the trust are considered as distributed and paid by the beneficiary,

That is regardless if the distribution partially taxable and partially not.

Therefore the beneficiary may deduct medical expenses. No limitations.

Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,974
Experience: Taxes, Immigration, Labor Relations
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