is all interest taken from a trust taxable?
447661
This question depends on a lot of things.  If you are just a beneficiary of a trust and not the owner, you should get a K-1...which, I beleive only includes your distributions from the trust so you can report it as income.  If you are the owner of the trust, it will depend on what type of trust you have.  Some trusts, such as Revocable Personal Trusts, have their own Tax-ID, so the income is not reported under your Social Security number.  You will still have to report all distributions as income.  And taxes are still paid on the assets in the trust, they are just deducted from the trust, not your pocket (still your money though).  There are other trusts, such as Agencies, in which you have to report the income on your personal tax return, you should receive a 1099 or multiple 1099's for this income (1099-Div, 1099-Int, 1099B(for capital gains)).  No matter what you have, tax will have to be paid on something.  If you have a more specific question on the matter (including whether you are beneficiary or owner and what type), I will be happy to try and answer your questions.
543390
No, Only investment in residential flat and not any shop  is allowed for the purpose of exemption from Capital Gains u/s54 of the I T Act.\n   Please consider , and this is also related to our earlier question regarding the best option for you to save taxes . following option\n\n   1. Invest in some residential flat with a view to sell it after three years. You will get exemption from Capital Gains, you will get Indexation benefits when you will compute the capital gains on the flat sale and mind you the  most permanent appreciation in growing India is Real Estate  in India right now. So overall you will get highest return from your investment. Moreover, if you also take loans for purchase of flat , that will further reduce your liability to tax for three years.\n2. Keep the amount of capital gains in Capital Inc&#92;vestment bond and as per law if you do not invest it withing next two years from the date of transfer, the amount will be the capital gain in the year in which such three years from the date of transfer of the flat completes. Thus you are only forwarding your tax liability by some years.\n3. Pay the tax.and be in peace!
9424
Yes, if you can afford.  Bseides building up equity, you will also save money on your income tax become some  of the interest is deductible.
98349
ANY INTEREST AND ANY PROPERTY TAX THAT MIGHT BE INCLUDED IN THE PAYMENT
757973
Hi, you have almost invested the full amount in tax savings. I am giving you a web link.  Please go through it.  It will give you full details about Income Tax and Tax savings.\n\nhttp://www.incometaxbangalore.org/taxinfo/trates06_07.htm\n\nPlease note that long questions and difficult questions are usually un answered.  May with that reason no one has answered your question.
402000
Since you're getting the money w/o tax withholding.  You should also look into paying estimated taxes.  Otherwise, if you owe taxes when filing tax return, you might get charged with interest for the tax payment due.
17861
Yes.  you will have to pay taxes on capital gains.  For more information on investment clubs, please visit: \n\nhttp://www.investmentclubhelp.com/
69610
Yes they can.\n\nWhat I've done is actually open a custodial account (you can do this at www.etrade.com for example). This way you can manage the investment account for them, but it is in their name and more importantly proceeds are taxed at their tax level, which so far for me has been zero.\n\nYes my 2 year old did a tax return !!!!
415990
I wish I had a trust fund... ;)\n\nSurely if you have one, you also have access to an accountant that can answer this question for you ?
791624
Yes, providing:-\n\n1) 70% of funds are invested in companies <3yrs/old.\n2) The companies operate wholly or mainly in the UK.\n3) You are under the limit of £200,000 per year (tight eh?)\n\nDividends are also paid gross with no income tax taken.
393440
She can do this, but it may count as a taxable gift since she will have basically deeded over 1/2 interest in the property to you.\nBetter that she puts the property in a trust with her as the trustee and you as beneficiary.  It can then pass to you with no tax consequence and avoid probate.
942636
No, the Trust would be responsible for paying the capital gains tax on the gain realized by the Trust upon the sale of the property, in the year of sale
988055
Boy, I would really avoid that if you can. The withholding isn't really up to you. They are going to keep 30 percent if the principal is before-tax money (in a Roth) and 30 percent of the profit if it is after tax money (in a traditional). But the penalty is so severe that you ought to consider doing other things (second job or whatever) to avoid the hit and the loss of your compounding if you possibly can. $1,000 left alone for 40 years will grow to more than $100,000 in a growth stock fund.
822616
you have to claim the interest as earnings but \nif that's all you have for earnings it wouldn't be enough to bother even  filing as you wouldn't owe anything
1168807
My 7 month old is being taxed on the interest in her savings.
484914
The Tax Office has issued a Practice Statement concerning the tax issues arising when there are distributions of trust income and capital gains to separate beneficiaries.\n\nBased on the technical application of the law, a beneficiary entitled to a share of trust ‘income’ pays tax on that share of the trust’s net (taxable) income. As a capital gain is not ‘income’, beneficiaries entitled to income may be taxed on capital gains distributed to other beneficiaries, although they have no entitlement to the cash.\n\nThe Practice Statement outlines two practical approaches that will be accepted by the Tax Office in certain circumstances.\n\nThe first enables the beneficiary who receives the benefit of the capital gain to bear the tax.\n\nAlternatively, in certain cases, the trustee can be chosen to recognise the tax liability. A written agreement may be required between the trustee and the beneficiaries. \n\nThe Practice Statement focuses on trusts that have separate ‘income’ and ‘capital’ beneficiaries. However, its application to ordinary discretionary trusts is also acknowledged.\n\nOn contrary it differs from country to country with the percentage or the amount, but the basic remains same... check the link...
1101139
You  need to examine the Trust document, which is not easy to understand. Ask the administrator of the trust and/or consult a lawyer