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deni236
New Member

Do I need to claim sale of stocks, etc if I have a trust that does that and I have no access to the trust? Trust pays my living expenses, where do I enter that?

My father set up the trust, and I have no access. The trust pays my expenses.
1 Reply
ColeenD3
Expert Alumni

Do I need to claim sale of stocks, etc if I have a trust that does that and I have no access to the trust? Trust pays my living expenses, where do I enter that?

No, since you, as you said, did not sell the stock. The trust would report it and you should receive a Form K-1 reporting the income.

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