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IRS Tax Questions: 1. What happens to suspended capital
IRS Tax Questions: 1. What happens to suspended capital losses when someone dies and there is no estate return? Are they lost? Please provide IRS references and articles. 2. Please explain the rules f… read more
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Is a private foundation allowed to form a revocable trust
Second opinion] Is a private foundation allowed to form a revocable trust for the purpose of assigning a trustee to manage its stock investments? The foundation is a 501(c)(3) tax exempt entity and th… read more
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I want to transfer a porperty deed from my name to a trust
Hello,I want to transfer a porperty deed from my name to a trust in which I am a trustee. The property has a mortgage. Can I do that? Also what are the tax implications? … read more
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I have a trust that was set up as a revocable trust. The
I have a trust that was set up as a revocable trust. The individual who the trust was for has died. The questions that I have: 1. The trustees want the revocable trust to pay for the federal/state tax… read more
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Can a revocable trust, after both Trustees have passed....co
For ***** *****" can a revocable trust, after both Trustees have passed....co trustee also the beneficiary of decedents estate.....can the current trust with Real Estate deeded to Trust....can I the C… read more
Mark Taylor
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My children have trusts registered in Maryland. I am the
My children have trusts registered in Maryland. I am the donor, one of the trustees lives in Maryland, the other two live in Virginia. One of the beneficiaries lives in MD, the others are out of state… read more
Lev
Lev
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If one inherits money from a trust in Pennsylvania and is
Hi, if one inherits money from a trust in Pennsylvania and is not a relative...what is the tax per cent that one must pay? Also, the benefactor died in Feb. 2015 and the money still has not been distr… read more
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I have recieved in feb all funds from my mother trust, How
I have recieved in feb all funds from my mother trust, How do i claim or do i have to claim the funds Will I have to pay taxes? Can I use on line tax form The trust was in NC I live in Ca… read more
Lane
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Doctoral Degree
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My mother died in 2012. My father had died in 2005. My
My mother died in 2012. My father had died in 2005. My mother had made a living trust a few years before. I am the Trustee and me and my 2 sisters and one brother are the beneficiaries. I lived in the… read more
Arthur Rubin
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Shawn, I just reviewed the question asked previously
Hi Shawn, I just reviewed the question asked previously regarding the "grantor" question in establishing tax i.d. for revocable lvg trust where grantor has passed. You stated it is o,k. to have the re… read more
Stephen G.
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Richard , I was typing this to you don't know where it went
Richard , I was typing this to you don't know where it went Okay... My mother passed Jan 9th this year Lot of tension between my 2 younger brothers and I as $$$ her estate draws near , My youngest bro… read more
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I am the trustee of my Dad's trust. Once the trust has paid
I am the trustee of my Dad's trust. Once the trust has paid taxes on profits( from 2 rental houses) via tax form 1041, can those profits be distributed to the trustees without being taxed again? Or wi… read more
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Background. My mother passed away in July 2011. She had a
Background. My mother passed away in July 2011. She had a revocable trust. My sister is the trustee and executor of her estate. My mother had a mutual fund that was in the name of the trust. It is my … read more
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We have a revocable living trust with both trustees now deceased.
We have a revocable living trust with both trustees now deceased. We wish to distribute proceeds from sale of one of the properties in the trust to the heirs of the trust, since the death of the last … read more
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My father who died November 11, 2010 had a IRA to which I am
My father who died November 11, 2010 had a IRA to which I am one of the four beneficiaries. The total amount of my portion of the funds is $5,559.11. I am disabled and my father setup a special needs … read more
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My daughter has a section 142.005 trust. if distributions are
My daughter has a section 142.005 trust. if distributions are made to the guardian for property tax payments will this effect her benifits? my daughter has no ownership in the home.. she live there?… read more
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I asked a question regarding my father selling his house to
I asked a question regarding my father selling his house to my sister a few minutes ago and I forgot to mention that the interest in the home was conveyed to the family trust 2 years ago and is in a f… read more
jgordosea
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In Florida, if you are designated as a trustee of a ...
In Florida, if you are designated as a trustee of a revocable trust and the estate is officially dispursed. How is that income filed or reported in terms of taxes for the trustee? Cheri Ocala, FL… read more
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