Question: A client is under the impression that, if the grantor trust rules apply to a trust, the grantor is always taxed on the trust's ordinary

A client is under the impression that, if the grantor trust rules apply to a trust, the grantor is always taxed on the trust's ordinary income (including dividends) and capital gains. Is the client correct? Explain.

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No The client is not correct Sometimes the grantor is taxed ... View full answer

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