joshuabarksatlc s
Level 10
12-09-2021
04:29 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I don't think Lacerte Form 1041 allows the input of a foreign address for the fiduciary.
Check out Section 7701 and particularly Regs Section 301.7701-7. If the foreign trustee is the only trustee, the trust would likely fail the tests under §7701 and be classified as a foreign trust, which has tax consequences as well as reporting requirements that would otherwise not be applicable to domestic trusts.
I come here for kudos and IRonMaN's jokes.