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Retirement tax questions
here's the final piece after receiving this evening, an explanation by one of the two trustee as to why his CPA said my portion would be taxable. Since all beneficiaries could not be treated differently, but, since I was also a successor trustee (as well as a beneficiary), the CPA concluded/reasoned, I could be paid a portion of the Trustee's fee in my capacity as a successor since we all were actively working toward the benefit of the estate and, no longer considered just beneficiaries during my uncle's last 3-4 years while living.
November 8, 2023
7:51 PM