- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Distribution Income from my deceased parents trust
My mom died last year. We are getting annual distributions from the trust. I don't know where to claim it on Turbo Tax.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Distribution Income from my deceased parents trust
I am sorry for your loss.
If the distribution is taxable to you, as a beneficiary, you should receive (or should have received) a Schedule K-1 (1041) from the trust.
You should check with the fiduciary (trustee or administrator) for further information on the character of the distribution (i.e., whether you have tax liability for the income on the distribution, if the distribution was from trust corpus, etc.).
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Distribution Income from my deceased parents trust
I am sorry for your loss.
If the distribution is taxable to you, as a beneficiary, you should receive (or should have received) a Schedule K-1 (1041) from the trust.
You should check with the fiduciary (trustee or administrator) for further information on the character of the distribution (i.e., whether you have tax liability for the income on the distribution, if the distribution was from trust corpus, etc.).
Related discussions
view allStill have questions?
Or browse the Forums