The Whitmer Trust operates a manufacturing business and distributes the profits to its income beneficiaries. Whitmer also passes through to the income beneficiaries the data needed to compute their deduction for qualified business income.

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The Whitmer Trust, by operating a manufacturing business and distributing profits to its income beneficiaries, can pass through the data needed for them to compute their deduction for qualified business income (QBI). Trusts and estates can pass through QBI, and the related deductions, to their beneficiaries, allowing them to potentially benefit from the QBI deduction under Section 199A of the Internal Revenue Code.

The Whitmer Trust Operates a Manufacturing Business and Distributes the Profits