But do I have alternative such as the trust files the tax and pays the tax on the K1 addressed to the trust, leaving personal income tax untouched? For two reas...
Sorry, more question. You have been a God Savior here. What shall be included in the Grantor Information Statement? Where shall I include the K1? And who pays t...
The lawyer got EIN for the trust under my name like X Y Trust, K1 will be issued to X Y Trust. So based on my circumstance(irrevocable grantor's trust), Do the ...
The K1 I received will be addressed to this trust, not to me directly, am I still allowed to report that k1 income directly at my personal 1040 tax? Do I still ...
Thank you. More question: based on the IRS rule, an irrevocable trust needs to file tax return. Since this is also a grantor's trust, the income pass through, d...
