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Do I need to prepare tax returns for both trusts or do I just establish the Bypass Trust and show the Survivors income as her personal income?
if a residence was sold and the proceeds will now split into (2) trusts, a Survivors Trust and a Bypass Trust. Do I need to prepare tax returns for both trusts or do I just establish the Bypass Trust and show the Survivors income as her personal income?
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‎June 5, 2019
5:10 PM