Skylane
Level 11
Level 11

The trusts were established about 12 years ago.  Yes, grantors trust; I have copy of trust document and confirmed with the  attorney when the trust was created.  The tax has always been reported and paid on grantors 1040. 

I won't issue k1 in favor of the beneficiary but was told tax can be reported and paid at the trust level. Any truth to that?

 

 

If at first you don’t succeed…..find a workaround
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