Thanks for any insights.
I'm not going to press on & on for more answers because I don't want to be a pest; however, I'll add a couple more facts. If this info makes a difference in how you understand the situation, please reply.
This trust was created for the purpose of legally protecting assets from being taken by any of the many ways senior adults lose their money from scams to liability to seizure. Also, the Medicaid (just in case) lookback ended 5 years after the transfer of the property and funds,
As it was explained to me, the full description of the trust was an Irrevocable Intentionally Defective Grantor Trust. I don't know everything that means, but some of the tax advantages afforded to people were supposed to apply to the trust. My parents had no control of or access to trust holdings. I also had authority to distribute funds as I saw fit as long as the trust didn't give anything directly to my parents.
Since I already filed the 1041 for 2021, I think I'll wait to see if the IRS kicks it back. I thought I had everything figured out correctly until I received 1099-B's from the stock company. They missed their deadline for mailing them to me, but claim that it was OK because they filed an extension. They didn't file an extension with me!
Thanks
