non-grantor irrevocable trust in kind stock distributions

[nypjd629]

When does a beneficiary pay tax on an in-kind stock distribution from a non-grantor irrevocable trust? What tax forms are filled out?

[tagteam · Accepted solution]

You need to contact the trustee because you will need to figure out the basis. 

Generally, your basis would be the same as the basis in the hands of the trust and you would not need to prepare and file any forms until such time as you disposed of the shares (if you have done so, then it would be Form 8949 and Schedule D).