What is the name of your state?What is the name of your state? Ohio
For a traditional IRA that has a trust as beneficiary, who pays the income taxes? If the IRA is divided among trust beneficiaries, do you just tell them it is taxable and leave it to them to report on individual tax returns or does the trust need to pay the income taxes?
For a traditional IRA that has a trust as beneficiary, who pays the income taxes? If the IRA is divided among trust beneficiaries, do you just tell them it is taxable and leave it to them to report on individual tax returns or does the trust need to pay the income taxes?