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Business & farm
Yes, you really do need to speak with a real person.
That should be a one on one with a tax professional who understands these rules, and can read your documents and understand what is in the trust.
The regulations 1.671-4 provide guidance on reporting for grantor trusts.
There are too few facts to provide a best response, and only vetting out the facts of your specific situation can tell you what you need to do.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎October 27, 2023
4:47 PM