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My aunt died, left a lot of properties, a trust fund was created to sell the properties and distribute the funds.Do I need to pay taxes on the $150K I receive every year?
I don't have any other income, having using the trust money to live, do I need pay taxes on it? I started receiving the funds after got married, is my wife entitled to a half of it? She doesn't work.
My sister says that she needs pay taxes on her share every year since is her only income and is a kind of inheritance, I disagree.
Any advice will be appreciated.
‎June 1, 2019
6:30 AM