LodgeiT

Question:  I have distributions to a trust and they should fall under non-operating expenses right at the bottom. it should be as follows: Operating profi...

Question:  What is the maximum number of beneficiaries I can add to the Trust tax return. I have a large unit trust tax return with over 500 beneficiaries a...

Question: While distributing Trust income, the Capital Gain not reflecting via Beneficiaries Tax Return Answer: Capital Gain is posted in the "Benefic...

Tax losses deducted reduce the Net Income, not Net Small Business Income component. The Net Small Business Income cannot be reduced by prior year tax losses...

Illustration" This Trust form has 3 beneficiaries: 2 of them (Lizza and Arisu) built via LodgeiT "Relationship", and there is no option t...

For Trust, if there is a loss, there should be no distribution of loss to beneficiaries.  Scenario: The Trust has a Net Income of $10,000, it has 2 &qu...