Will using money from a trust for a down payment on a house trigger gift tax? Submitted by yjlevg t3_1004w05 on December 31, 2022 at 10:05 PM in personalfinance 6 comments 0
1hotjava t1_j2fksd2 wrote on December 31, 2022 at 10:22 PM Argh, forgot to add this to my last reply Recipients of funds from a trust: https://www.investopedia.com/ask/answers/101915/do-beneficiaries-trust-pay-taxes.asp You’d pay the income tax on gains of assets in the trust but not money that is principal. Permalink 2
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