Is trust fund money taxable?
953188
Talk to the trust fiduciary.  Money paid from a trust is either income or corpus.  Corpus isn't taxable to you, but income is.  There is no way I, or anyone else on this message board could possibly know how much is from each category, but the fiduciary should know.  To be safe, you could assume the whole amount is taxable and if it isn't, you'll be pleasantly surprised.\n\nMoney paid directly to you in the form of an inheritance is not taxable, but since you mentioned a trust, that trust may have had income.  If you get part of that income, it is taxable to you in the year you receive it.  My guess is that most of the trust is corpus especially if is a trust that was formed upon the death of the grantor (an irrevocable trust) and is only in existence for a short period of time.  If the trust is to last for years and years, then there is a good chance that most of the money paid to you will be taxable since most trusts usually pay out income and keep corpus.  Income is taxed at a very high rate to the trust and a comparatively lower rate to individuals.
475736
The part "trustees shall hold the trust fund on trust for X" is just lawyer talk for the following:\nTrustee gets money, trustee holds or invests money, and then trustee pays, over time, the interest on the money to or for X.  \nUsually a trust then states what happens to the money when X dies, or some other event (X reaches majority) occurs.  \nI have no idea what the two "absolutelys" are for.  I suspect the person who wrote this was not an attorney.
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.
202035
Interest is what you make for keeping your money in a certain institution. Taxable interest is a tax on the money the institution pd you.That is not the only was to get interest. It is just one example.
709782
If you rolled it into a new 401K or IRA account you don't need to do anything else, as you should not be taxed on anything.  If you withdre any funds however before the roll over, then you will need to report it on your tax return,
575785
Income is taxable.\n\nYou will receive paperwork along with your settlement (probably a 1099-Misc or similar) that will give you the info you need to determine how to handle the money, taxwise.\n\nGood Luck!
91825
ANy money awarded by the Government is tax free.  only in the portion.\nIf the state awarded it, then it is STATE tax free.
77805
Revisiting your question, Federal taxes all four securites;  State does not tax Treasury Bonds;  Local varies with the locality.  Municipal Bonds issued by the state you live in are referred to as triple-tax-free, and thus would not be taxed by any taxing authority. (P.S. I think you may mean Ginnie Mae's)
808726
When you sell the ETFs after a year, you get LTCG treatment.  When you get a distribution from your holdings (without selling), usually most of it is qualified dividends if the distribution mostly comes from dividends from stocks rather than REITs or interests.  Your 1099-B will tell you how much of each distribution is qualified dividends.  Non-qualified dividends are taxed at ordinary income rate.
821286
No, loan proceeds aren't taxable whether they are student loans or some other kind of loan.
252855
I've seen some answers here that don't sound right. You had better talk to an tax specialist.\n\nI believe any gift over $11,000 is taxable at its market value.
78691
If the lawsuit specifies that the money is to be used for non-taxable items, like attorney fees paid in, retirement, medicare/social security, or if it specifies those items that can be sheltered, then you don't pay taxes on those.  H&R Block says awards for pain and suffering/mental anquish aren't taxable, but the IRS said they might be but that a specific BREAKDOWN of all amounts and categories by the court or legal agents must be done for the IRS to know what parts are taxable and which are not.  Reimbursements for salaries, for instance, is taxable.
1082372
Since a regular IRA has tax-deffered dollars, you are taxed on all of it if you withdraw it and don't roll it over into another IRA of any type.  You also are penalized 10% of the value of the account if you are younger than 59 1/2.
132105
No, you won't be taxed on this money. It is not your gain because you transfer the same amount of money out from this card.
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.
406661
Depends on the type of trust.  IF the trust can be revoked, then none.  If the trust is irrevocable, then the trust pays tax on its own income, splitting the tax liabiilty.
272667
No. Federal Pell Grant is not taxable. Grants are not taxable, only earned income is taxable.