Thanks to all of you! One more question. I see no place on either the 1041 or the K-1s to report the payout of principal (corpus) to the beneficiaries. Is it no...
This irrevocable trust has been terminated. It earned no income. All properties and equities were sold at a small loss relative to their step-up basis. So there...
Thank you. All properties were sold within 90 days of death so I believe we can use the sale price of each as the step-up basis. There was rental income but it ...
