The Trust is a grantor trust for U.S. federal income tax purposes. As a result, the Trust itself is not subject to U.S. federal income tax . Instead, the Trust’s income and expenses “flow through” to the Shareholders.
The Trust is a grantor trust for U.S. federal income tax purposes. As a result, the Trust itself is not subject to U.S. federal income tax . Instead, the Trust’s income and expenses “flow through” to the Shareholders.