2 ms·
This is solvable. If a trust owns the property, default to the highest tax rate. The trustee is then responsible for providing proof of the beneficial owner(s)
by jeffparsons 2y ago
This is solvable. If a trust owns the property, default to the highest tax rate. The trustee is then responsible for providing proof of the beneficial owner(s) if they want the "discount" rate.
- georgeburdell 2y agoThis is basically how income tax law works for trusts. The highest tax bracket is reached very quickly to quash the first order shenanigans that might result from more preferential treatment