How Trusts are Taxed explains the most basic and fundamental tax rules that apply to most charitable and non-charitable trusts. This course explains how grantor trusts, charitable trusts, and foundations and supporting organizations are taxed. It describes the purpose of distributable net income, and explains the distribution deduction for simple and complex trusts.

Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.

Learning Objectives: After completing this course, students will be able

• Describe how non-charitable trusts are taxed
• Describe how charitable trusts are taxed
• Explain the distributable net income concept