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layroy
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Do I need to file a taxed 5000.00 distribution to my son from a trust his Aunt left to him?

 
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tagteam
Level 15

Do I need to file a taxed 5000.00 distribution to my son from a trust his Aunt left to him?

You need to contact the trustee of the trust. Typically, a K-1 would be issued by the trust for any items of income, gain, et al are taxable to the beneficiary.

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tagteam
Level 15

Do I need to file a taxed 5000.00 distribution to my son from a trust his Aunt left to him?

You need to contact the trustee of the trust. Typically, a K-1 would be issued by the trust for any items of income, gain, et al are taxable to the beneficiary.

View solution in original post

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