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Wow! hope you have some insight. grantor of irrevocable
wow! hope you have some insight. grantor of irrevocable trust passed away in decembe 2017. deferred annuities owned by trust redeemed , but payment not received until 2018 … read more
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Non grantor trust pays qualified medical expenses for beneficiary. Since the trust can not deduct, are the expenses deducted on the beneficiary's 1040 as qualified medical expenses? … read more
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My wife's mother was the beneficiary of an irrevocable
My wife's mother was the beneficiary of an irrevocable trust. That trust was set up by my wife's mother's mother in her will. Confusing huh? My wife's grandmother established a trust in her will for m… read more
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I've prepared gift tax returns for my mom's trust for three
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I set up an irrevocable compliant investment trust with my
I set up an irrevocable compliant investment trust with my mother as grantor and myself as trustee in Dec 2014. During 2015, some medical expenses were paid by the trust. Can those be deducted in my m… read more
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Does the grantor of a personal care trust get to deduct the
does the grantor of a personal care trust get to deduct the medical expenses paid by the trust… read more
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I have an irrevocable living trust that has been treated as
I have an irrevocable living trust that has been treated as a complex trust. Last year the trust paid expenses on behalf of the grantor for his care in a nursing home. No distributions have been made … read more
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A Massachusetts irrevocable trust was established to protect
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I'm the trustee of an irrevocable trust. The house is rented
I'm the trustee of an irrevocable trust. The house is rented with a property manager who has been depositing the income into the trusts account and has sent a 1099 to the trust. The trust's 2014 incom… read more
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A mother sets up an Irrevocable Grantor Trust for the benefit of her son. The son is forming an LLC for the purchase & development of real estate. He wants the Trust to be the member/owner of his 42% … read more
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Father died in 2012, Mother dies in 2013. College age kid is
Father died in 2012, Mother dies in 2013. College age kid is only child. Mother had grantor revocable family trust while alive. Assets were a rental property and some checking accounts. Trustee applie… read more
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Can $4500 for braces from a complex trust be considered a
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A PIECE OF REAL ESTATE IS OWNED BY AN IRREVOCABLE TRUST. THE
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In a revocable living trust, who has the final say-so--the
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Can an individual deduct the real estate taxes they pay on
Can an individual deduct the real estate taxes they pay on their personal residence if the residence has been placed in a trust (to which they are a beneficiary of)?… read more
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If a Beneficiary of a trust has medical expenses paid out of the trust, are they able to deduct those expenses from their personal return… read more
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