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Here is how the transactions occurred, at least to the best of my knowledge as this estate was very complicated with multiple beneficiaries who each received sp...
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I may have typed Estate instead of Trust. The asset was placed into the Trust upon death. My client inherited it upon death and the interests were placed into t...
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I do not believe Form 706 applies, and a separate firm has completed the Trust return, my client has only received a K-1 from the Trust. The assets within the p...
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I have a client who inherited a partnership interest in a natural gas company in 2018. Apparently the estate reported all income and paid all taxes in 2018. In ...
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