Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Fiduciary tax return 1041, when living trust trustor dies

arnolddr
Level 2

After living trust trustor dies and home in trust sold in few months after death and proceeds has been distributed to 3 beneficiaries.  Is this complex trust which shows on form 1041? and schedule k should be distributed to each beneficiaries? and it is mandatory to file CA?

 

0 Cheers
2 Comments 2
sjrcpa
Level 15

Is this complex trust which shows on form 1041?  Yes

schedule k should be distributed to each beneficiaries? That would be K-1

it is mandatory to file CA? Yes if it is a CA trust; has a CA Tustee or beneficiary; and/or the property was in CA.

The more I know, the more I don't know.
arnolddr
Level 2

Thank you.