Sorry if my reply/initial question was confusing. The trust contained mutual funds, stock, cash and property. There was also property in the trust but it was tr...
Not sure I follow. I didn't think there was any current tax liability for the mutual funds, at least for the trust, since no interest/dividends were made on the...
Maybe I am misunderstanding something fundamental. The mutual funds were distributed "as is" between the beneficiaries (not liquidated). No income from those di...