Our trust distributions calculator has been designed to help you calculate tax-effective distributions by your discretionary trust clients. You can use it for both non-streaming and streaming distributions.
The process involves estimating net income of the trust for tax purposes, calculating tax-effective distributions to beneficiaries and converting those amounts to accounting distributions for the resolution.
You can view the marginal tax rates for all beneficiaries based on their non-trust income. The calculator will then show how much income is available at those marginal tax rates, allowing you to use the lowest tax rates first.
Once distributions for tax purposes have been determined and the corresponding accounting distributions calculated, you can complete the trustee resolution which is part of the file.
And when it comes to preparing the trust tax return, you input actual figures to the worksheet and the various components of those distributions will be calculated for each beneficiary and return form item.
Find it at Calculations/2025/Trust Distributions