Husband & his Brother are the co-Trustees of their parents' LIVING TRUST who passed in 2023. All distributions have been made to relatives. (House was SOLD, CD's and Bank accounts closed, etc). Total estate was around $1.6 Million. They plan to file a form 1041 for the Distributions.
- Do we have to file anything specific for the INCOME with the FED on our taxes? Can't seem to find any specific form in TTAX.
- Do they have to send any specific form to the siblings who had $$ distributed to them ?
Thanks in advance.
