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How do I know if a trust is a grantor trust?
My mother-in-law had a Revocable trust and paid taxes on her personal filings. She died last year and the trust became an irrevocable trust. All the assets have been sold and cash distributed to the beneficiaries. I am using TT Business to do the 1041. Is this type of trust a Complex trust or a Grantor?
Also, should I be using calendar year or short year? All monies were sent to the beneficiaries by the end of June.
‎February 23, 2021
8:58 AM