@tagteam“If that is $100,000 worth of corpus and no income or gain was distributed, then a 1041 would not even be required to be filed.”OK. So if a 1041 Form wa...
@tagteam“That is correct; it is not mandatory in that instance.”So if the Trust sold the home and there was no gain on the home, let’s say for example that $100...
@tagteamSo let’s say I sold a home in the main Trust and there was no gain on the sale and I moved some of the money from the sale to one of the Beneficiary’s S...
@dmertz “AForm 5498 will be filed for the new account at the beginning of the following year, but it will only show the type of account and the year-end balance...
