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Business & farm
You indicate that "last year no taxes were paid..."
As a Grantor Trust, any taxes paid will be done on your mom's return. The grantor trust information will be included in your mom's 1040.
I agree with @Anonymous_ approach.
*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.
‎February 12, 2022
3:06 PM