State and Local Tax (SALT)

State and Local Tax (SALT)
|By Jack Brister, CMA
| Sep 12, 2013

Foreign Trusts: An Answer to the Capital Loss Debate

State and Local Tax (SALT)
|By Jack Brister, CMA
| Sep 12, 2013

The enactment of the Small Business Job protection Act of 1996 expanded the differences in grantor trust rules for foreign and domestic trusts. At the same time, it narrowed the distributable net income (DNI) computation rules for foreign trusts. These changes leave little room for interpretation-with one major exception.

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Foreign Trusts: An Answer to the Capital Loss Debate2019-02-15T12:33:37-04:00