taxable distribution

taxable distribution. A generation-skipping transfer from a trust to the beneficiary (i.e., the skip person) that is neither a direct skip nor a taxable termination. See GENERATION-SKIPPING TRANSFER; generation-skipping transfer tax under TAX; generation-skipping trust under TRUST; SKIP PERSON. [Cases: Internal Revenue 4224.]

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词条贡献者

法律翻译Kelly，毕业于美国顶尖的高级翻译学院，专注翻译各类与消费者产品责任纠纷有关的法律文件。