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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1 Best answer
Anonymous_
Level 15
Feb 5, 2020 8:30:24 AM
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.
1 Replies
Anonymous_
Level 15
Feb 5, 2020 8:30:24 AM
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.