@dmertz wrote:
The trustee of the trust is the one who determines and requests distributions to be made from the IRA to the trust.....
Except there is no way we can be assured that is the case without actually examining the trust instrument. The statement implies that the trustee has the discretion to determine the amount of the distribution (if any at all).
@dmertz wrote:
The trustee of the trust has a fiduciary responsibility to request appropriate RMDs....
That was my other point; if the 10-year rule applies here, then there are no RMDs (at least no annual RMDs, as the entire balance simply needs to be distributed anytime before the end of the 10-year period).
@dmertz wrote:
.....that's not really relevant to how the income that is received and distributed is required to be reported.
Yes, and it appears as if someone is doing something wrong (or there is a misunderstanding) considering the limited facts presented.
