How to Treat Trusts When Calculating Household Income

How to Treat Trusts When Calculating Household Income



 

When certifying or recertifying households at your tax credit site, it’s not uncommon to discover that a household member is the creator or beneficiary of a trust. If so, you’ll need to account for the trust when calculating the household’s income. If you don’t know how to treat trusts, you’ll make mistakes when trying to determine a household’s eligibility to occupy a low-income unit.

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