Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- IGT trust type question
IGT trust type question
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Consul1
Level 2
04-02-2022
02:35 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Filing for a trust which has been designed as incomplete gift trust which with combined characteristics of both grantor and non-grantor trust. Trust distributes all current income to beneficiaries but grantors retain certain powers to appoint. In theory, when grantors decease, trust assets become part of their estate.
For annual tax filing purposes during lifetime of grantors, is the trust designated as being both complex trust and grantor trust?
How about in final year of filing?
