Monday, August 31, 2020 4:13:45 PM
Last post.
The trust has to pay capital gain taxes due to the sale of the stock.
It was not a stock swap. I would not have owed taxes with a stock swap.
The trust is not treated like an IRA where I will not pay taxes until I withdraw income.
My MNTA stock in the IRA will not get taxed and I will reinvest the proceeds.
The trust pays because it is in effect a sale of stock and I can't postpone paying the taxes even if I don't take money out of the trust.
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