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Investors & landlords
@leeleses wrote:
4. Need more info about the non-rental property. Is it actually rental property but just not ready for rental? Or is a beneficiary using it? Or is it held for investment only?
** A beneficiary is using it.
I would seek profession advice and read the trust text carefully to understand the beneficiaries rights and obligations (e.g. do they have to pay any of the expenses?).
Here is a presentation make a law firm discussing some of the issues. You might find some info in there similar to your case that could inform your questions of your attorney/EA/CPA.
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‎January 18, 2024
1:27 PM
1,733 Views