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Business & farm
yeah but the tax rate of a trust vs. individual and is there not an issue with distributions? Trustee is a big bank paid withm my mom non-paid and gets a copy of the return annually.... they should bear some liability. I would think the bank trustee should have been preparing the k-1.... I'm going to research more as if the grantor info letter was sufficient in her case or not. Thanks for all your time.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎June 1, 2019
10:03 AM