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Dale, You bet it helps! Another string for the bow! Bob.

Dale, I don't quite understand. Example: Trust earns $10,000 after expenses (including interest and depreciation). Trust makes a distribution of $6500 to my non-earning spouse, $640 to each of my two children and the remainder goes to paying off principle. Is any tax payable? If...

OK, let's get trickier - and those who don't like interest-only loans should pay careful attention. This one is strictly hypothetical, but suppose my trust borrows (say) 70% from the bank and gets the rest as vendor finance. Can it then pay back the vendor (and/or the bank) their principal...

I'm about to purchase a property through a trust and will loan the trust the 30% plus costs. Question: if the trust pays back principal and interest, is the principal payable back "tax free"? My thinking is that it is not income for me - I loaned it; it is not a distribution, it's a...