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I am the successor trustee to my mother's trust. She died in
I am the successor trustee to my mother's trust. She died in October of 2017. I sold her house, which was a part of the trust, in October of 2018 for $145,000 and, according to the terms of the trust … read more
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My mothers trust was funded from the sale of her house in
My mothers trust was funded from the sale of her house in late 2017. The sale of the house resulted in cash of over $400,000 but a capital loss of about $5,000 which was reported on her 1041 for last … read more
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My mother passed away in late 2017 and left me her house (as
My mother passed away in late 2017 and left me her house (as part of her estate, in Florida) as her only asset. It sold the next year. What form do I fill out for tax purposes? I am the executor. … read more
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MY MOTHER HAD ANA REVOCABLE TRUST THAT BECAME IRREVOCABLE AT
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I have a question regarding taxes after death and for a
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I received a distribution from a real estate trust as a
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Do I report (in kind) stock transfers to beneficiaries of a
do I report (in kind) stock transfers to beneficiaries of a residuary trust as it closes out in 2017? Stock transfers took place late last year and assumed date of death basis. remaining fractional sh… read more
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My wife inherited a piece of rental property from a
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Jon... my current tax man does not know how to file the 1041
jon... my current tax man does not know how to file the 1041 for my deceased mothers trust which I am the trustee for. my Mother died in 2009, we sold her property in 2016. I have a 1099s showing the … read more
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you sit on the computer and you answer tax questions? what a nice service. I've been reading some of your previous answers, and I think I understand what you have said about the dissolution of your re… read more
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My mother just passed away recently, and among other things,
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I was the trustee of an inherited trust, that was distributed
I was the trustee of an inherited trust, that was distributed in Feb. 2013, after my mother'a death on 12/12/2012. The money in the IRA had taxes paid on it, because most of the money in the trust IRA… read more
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My mom had a irrevocable trust set up with me as the trustee.
My mom had a irrevocable trust set up with me as the trustee. The trust was the house she owned I sold her house and put the money at a brokerage house. My mom has now passed away and i am filing out … read more
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Hello, My mom died in July, 2010. She has a grantor
Hello, My mom died in July, 2010. She has a "grantor" revocable living trust which turns to a irrivocable trust upon death. I am the successor trustee. I sold her home in October of 2010 with a $25,00… read more
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My mother died in March 2008 and we sold the house in November
My mother died in March 2008 and we sold the house in November 2009. I split the proceed with my 2 brothers, but I understand that I need to provide them with a 1041. The basis is the value at the dat… read more
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My mothers home was part of her Trust. She past away in March
My mothers home was part of her Trust. She past away in March 2009 and the house was sold in June 2009 for $130,142.32. She lived in the home for 5 years. Is there any tax liabilty to the trust.… read more
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My recently widowed mother (living in Florida) wants to sell the vacant lot she owns which adjoins her primary residence and is deeded separately. She is 81 years old and her only income is her social… read more
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