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Updated over 7 years ago, 08/08/2017

User Stats

20
Posts
1
Votes
Kim Livingstone
  • Chicago, IL
1
Votes |
20
Posts

Trust beneficiaries taking dividends from rental property

Kim Livingstone
  • Chicago, IL
Posted
I am looking for a little insight on this situation. We have a rental property that is in a land trust. Can beneficiaries take dividends from the rent? if not dividends, what are the beneficiaries options for taking money from the income which is the rent? How is it categorized on your taxes? And how does it affect your taxes at the end of the year? Any advice would be greatly appreciated, Kim

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