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Level 2
November 15, 2022
Solved

I'm trustee for grantor trust set up for Medicaid purposes. I pay parents monthly rent using the trust but was told by lawyer this was wrong. What taxes in 21

  • November 15, 2022
  • 2 replies
  • 21 views
I have stop paying their rent with funds from the trust but have no idea what if any taxes they will have to pay in 2021 because I used funds from their grantor trust to pay their rent.  My dad has dementia so he did not tell me not to use the trust money to pay their rent?  I am sick over this so any help would be greatly appreciated
Best answer by Anonymous_

You need to consult with your attorney and also with a local tax professional.

 

See https://taxexperts.naea.org/listing/service/estates-gifts-trusts

2 replies

Level 15
November 15, 2022

You need to consult with your attorney and also with a local tax professional.

 

See https://taxexperts.naea.org/listing/service/estates-gifts-trusts

Level 2
November 15, 2022

Thank you.