coupons
Level 2
03-09-2022
03:12 PM
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If the grantor dies, if he had a simple trust does it become a complex trust. The assets have not been distributed.
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sjrcpa
Level 15
03-09-2022
03:32 PM
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It becomes irrevocable, if it wasn't already, upon the grantor's death.
Simple or complex depends on the terms of the trust.
The more I know the more I don’t know.
coupons
Level 2
03-09-2022
07:21 PM
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The trust was set up as a simple trust. If he passed away in 2020 how does the income pass thru to his personal return. Does he have to file a 1040 even though he died in 2020. I greatly appreciate your help regarding this matter.
IRonMaN
Level 15
03-09-2022
07:23 PM
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The income earned up until the date of death goes on a 1040. Income earned after that date goes on a 1041.
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