Holly W1
Employee Tax Expert

Retirement tax questions

Hello @Meggie235 

Thank you for joining us today!  I am so sorry to hear about your mother's passing.  
As for the taxability of monies left in a Trust, it will depend on several factors, such as, is from a retirement account, stocks, bonds, etc..  I found a link that is very explanatory on the taxation of trust, and how or when it is taxed.  https://www.investopedia.com/ask/answers/101915/do-beneficiaries-trust-pay-taxes.asp#:~:text=Benefic... 

 

If you have further questions, I am more than happy to go into more detail with more facts provided.  Again, we are so happy you joined us today!

Cheers!

Holly W



**Say "Thanks" by clicking the thumb icon in a post**
**Mark the post that answers your question by clicking on "Mark as Best Answer"** Thank you for joining us today!