where does one include n1 liquidating trust income and deductions in a tax return
01762
1 Best answer
Anonymous_
Level 15
Jun 15, 2020 7:31:32 AM
Contact the trustee.
Distributions to beneficiaries of liquidating trusts are generally not taxable. However, beneficiaries should receive a grantor letter detailing any items of income, gain, loss, deductions to include on their returns.
1 Replies
Anonymous_
Level 15
Jun 15, 2020 7:31:32 AM
Contact the trustee.
Distributions to beneficiaries of liquidating trusts are generally not taxable. However, beneficiaries should receive a grantor letter detailing any items of income, gain, loss, deductions to include on their returns.