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Business & farm
@Anonymous_ Thanks for your response. It's all a bit confusing, but I believe the SNT we established is not a QDisT. Just a simple trust. I skimmed the document you referred (I will study it more closely later on, and we will also consult a tax pro). The main point that stands out in the document for me is that our son is not disabled per §1614(a)(3) of the Social Security Act, 42 U.S.C. 1382c (a)(3)). He is healthy and able to work when he is sticking with treatment, and he doesn't receive, nor has he applied for, SSI or SSDI.
We will be getting a TIN/EIN for the Trust account so that we can separate its earnings from our own.
January 13, 2024
8:52 AM