Thanks. Section 678 seems to say that if a person has a "power exercisable solely by himself to vest the corpus or the income therefrom in himself," that person...
This trust started its life as a grantor trust by my Dad. That trust owned the house. When my father died, the trust specified creation of a successor trust for...
Thanks, M-MTax; you clearly know more about taxes than I do. Maybe I'm not reading the regs correctly, but the house has been in my brother's trust for 5 years,...
Thanks. I think he might be considered a substantial owner for the time the house was owned by his Trust. I'm now looking at the Federal Tax Coordinator Analysi...
Again, thanks to those who responded. I pulled out the Trust documents and the Trustee may distribute the trust principal for support and maintenance. If the Tr...
