PatriciaV
Employee Tax Expert

Business & farm

Unless the trust was changed to admit her children as beneficiaries, you would not change the beneficiary information on the final trust return. Note that the final distribution from the trust is paid to the existing beneficiary, your mother. The funds then flow into her estate and eventually to her heirs.

 

Be sure to mark this as the final return in TurboTax Business under General Info >> About Your Trust or Estate. Edit the first line "Is filing its final return" to say "yes."

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