Withdrawals from GST

[Homebrewer57]

My father set up a Generation Skipping Trust, which is a broker account, and has a Trust (EIN) number.  I take a small amount out of this trust to establish / fund a 529 Education Fund for my grandchildren each year, which I am allowed to do.  I do not get a K-1 from the broker, and do not know how to report this in TurboTax.  I have reported this as "Other Income" in the past, but it does not track back to the Trust, so I get letters from the IRS.  How do I report this correctly?

[M-MTax]

If the account is titled in a trust, the broker is not going to send you a K-1....it's the responsibility of the trustee to make sure a 1041 gets filed if necessary and K-1s are sent to the beneficiaries. You might want to see a tax pro about this because there's probably tax due on the income and even GSTT tax.

[user17573326502]

Hi I am [removed] my grandmother queen generation skipping to Es Tate revocable trust she died in 2006  my mother [removed] and my sister [removed] keep information for me keep me in the dack lied to me told me I was crazy that my grandmother put me on the trust I can't read. I had Google's lens read out loud to me. The trust I got in [removed] Massachusetts when the Probate was there and the registry I had it we don't lie to me right before my mom died. I cried. I am the skip person. I was the only one. I got to all the house after my mother died in the trust on page 10 it says as long as. [removed] and [removed] are a live cannot sell the house, no matter what and also says [removed]  he gets little benefits has to transfer everything over to me and then three of our trust no instead my mother put the house on reverse mortgage bought [removed] and [removed] around my grandmother's trust in in 2008 so went to superior court they got tonight to sell the house so they use my grandfather's death certificate in a different he died 1987. And they used 2006 his booking page number that was voided by the judge not only they stole from me they stole from the judge it was the only legal title. My name is still on the title house was sold. I tried to find it, but I have a disability. It's a disability trust. I don't get why was not protected when the whole trust is protecting and why it got sold when it's a tax it should be protected because like I said My went to the police the police said mice family knows how people I go. I know my sister [removed] does the lawyer she had where she worked for for 25 years and had a personal relationship with I've evidence of that in writin and it's a disability. Trust my disability ADHD's l dyslexic, autism, and PTSD since my grandmother died the abuse and I tried to have the court stop the sale on the house cause there's no title search no right to sell the house specially hud is supposed to help poor people well they've stolen my inheritance. They didn't even do a title search either.

[xmasbaby0]

@user17573326502 I have no comments regarding your tax situation.   But you have posted a lot of personal information on a public website that can be seen by anyone using the internet.  Please remove the names of your family members, etc. from your post.

Please remove the personal information you posted here ASAP by returning to your post and clicking the three little blue dots on the upper right to edit your post.

[M-MTax]

@user17573326502 

Try a legal aid service. You need legal assistance.

See https://bostonbar.org/pro-bono-public-service/