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svlahos01
New Member

does this mean a Trust versus a Will?

We have a Trust butno K1.
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1 Reply
M-MTax
Level 15

does this mean a Trust versus a Will?


@svlahos01 wrote:
We have a Trust butno K1.

Who are the parties (settlor, trustee, beneficiary(ies))? If you don't know ask.

 

You might not get a K-1 (1041) from a trust if the trust assumes and pays the income tax liability.

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