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Is tax owed on distributions from a revocable trust.
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I RECEIVE QUARTERLY DISTRIBUTIONS FROM MY DECEASED PARENTS REVOCABLE TRUST TO SPAN OVER SEVERAL YEARS. I HAVE NO OTHER INCOME BUT THIS. My trustee said I should get some kind of form for tax purposes but haven't received as yet.I live in Indiana and for last year received about 40,000 from the...
Revocable trust
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Why would you need it, if husband and wife own everything Jointly. Like joint tenants with property. If the husband dies it Would go automatically go to the wife. No probate needed Is this correct?
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Can I as as grantor and trustee of a revocable trust remove one or all of the real estate listings included in the trust WITHOUT the recipients knowledge?
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AS trustee for my mothers revocable trust, I filed a form 1041for tax year 2005 the year she past away. Her bank account and royalty checks are still in the name of the trust. Do I still use form 1041 to report this income. Dwh
Revocable Trust (Grantor) Trust w/3rd party trustee
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It was my understanding that if a grantor set up a revocable trust and a third party (let's say a bank) was named as trustee, the trustee was required to file a Form 1041. I am unable to locate any IRC or other guidance that would confirm or deny this. Please help. Thank you. Diana View more questions Search
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