I have a similar question. So I checked Grantor trust so that income is reported on Grantor's tax return. A K1 breaks down the income types but since you are sa...
Well, this is never easy. Not sure if you are an independent expert or with Turbo Tax software but I'll ask anyway. So I entered the distribution of corpus on s...
Thanks for the quick reply, duh, I misread, you clearly responded form 1041. Looking at this form, I assume distribution of principal qualifies as "other amount...
Reading through this thread I get partial answers. I'm dealing with an irrevocable trust and understand that if any current year income is distributed, it is re...
