Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I need help understanding K-1, Statement A Section 199A for
I need help understanding K-1, Statement A Section 199A for TurboTax … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,019 satisfied customers
My mom passed away in 2018. She received an IRA RMD in 2019
My mom passed away in 2018. She received an IRA RMD in 2019 to her SSN. Do I have to file a return for her, or can I just file her estate return and file a schedule K for distribution of the RMD to me… read more
Stephen G.
Stephen G.
Sr Income Tax Expert
Bachelor's Degree
10,408 satisfied customers
I'm completing a Form 1041 for a trust. The 2019 income was
I'm completing a Form 1041 for a trust. The 2019 income was $75000, which was interest (Line 1) on an annuity distribution. The distribution was documented with a 1099-R. The total trust income was di… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,476 satisfied customers
I am filing a Form 1041 for my deceased MIL Rvoc Trust. I am
I am filing a Form 1041 for my deceased MIL Rvoc Trust. I am making the 645 election. Do I just mark the "Decedent's Estate" but list the Name of the Estate or Trust as "__ Rvoc Living Trust"? Also, t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,476 satisfied customers
A trustee cashed in an ira but didn't distribute funds to
A trustee cashed in an ira but didn't distribute funds to the beneficiaries before the end of the year … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
A non-qualified annuity in a trust account was liquidated
A non-qualified annuity in a trust account was liquidated shortly after the owner death … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,476 satisfied customers
This is more so a question for a tax professional that
Hi - This is more so a question for a tax professional that specializes in estates & trusts, although I do not even see that category here. Either way, I have a trust that paid out money to reimburse … read more
PDtax
PDtax
Owner
Master's Degree
6,565 satisfied customers
Mid year 2015 both trustees of trust passed away. EIN was
Mid year 2015 both trustees of trust passed away. EIN was issued Mid September 2015 and stated 1041 to be filed on 12/16/2015. There is an extension on the 1041. Question, is the income divided from b… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,260 satisfied customers
You just answered my question on a 645 election. Let me
You just answered my question on a 645 election. Let me follow up. Decedent dies in December 2014. I'm asked into it in Fall 2015 so it's too late to get the 1041s and 8855. Decedent's joint 1040 for … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,611 satisfied customers
Rubin, I am Trustee of the family Trust, since my mother
Hi Rubin, I am Trustee of the family Trust, since my mother passed last March. I am filing the 1041 return, and have questions. I'm filing form 8949 for the sale of mutual funds with a net loss. These… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,607 satisfied customers
Mom had her house in a liv rev trust, she passed away, I
Mom had her house in a liv rev trust, she passed away, I sold her house and proceeds, $195K, went into a new bank account w/trust same name, new TIN, new trustee, me, her only child and only heir. No … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,607 satisfied customers
I have a friend that lost her husband last November 2012.
I have a friend that lost her husband last November 2012. Her husband was a consultant to many major car makes like Ford and Chrysler. After finishing a job for one of the automakers he would have to … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,611 satisfied customers
We prepared a Form 1041, for a Trust for our client for the
We prepared a Form 1041, for a Trust for our client for the year ended December 31, 2011, which indicated a loss of $77,453; however, the Schedule K-1 for 2011 reflected zero. For the year ended Decem… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,667 satisfied customers
Hello: My question is rather complex so I will summarize as
Hello: My question is rather complex so I will summarize as succinctly as I can. 1.My husband acted as the sole Trustee for his mothers Trust. The original Trust was an AB living trust and upon his fa… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,228 satisfied customers
Hello, I previously asked and accepted an answer to the below
Hello, I previously asked and accepted an answer to the below question and have a new question related to it. Original Question ''I'm administering a Trust as the appointed Trustee by the Trust docume… read more
Stephen G.
Stephen G.
Sr Income Tax Expert
Bachelor's Degree
10,408 satisfied customers
Today, you mentioned a distribution from a simple trust (not
Today, you mentioned a distribution from a simple trust (not taxable income)is to be reported on Line 18 of 1041 and on Schedule K-1. I entered the distribution on Schedule B, line 10 of the Form 1041… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
My brother,trustee of my parents living trust, sent me a Schedule
My brother,trustee of my parents living trust, sent me a Schedule K-1 (1040 Form:Beneficary's Share of Income, Deductions, Credit, etc.). On line 14 under Other(itemize): Total Gross Receipts 36,286. … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
My mother died in 2005. She had a trust. We distributed ...
My mother died in 2005. She had a trust. We distributed most of the money in the trust in 2006. However, there is still some money in the trust that earned interest income during 2006. How do we file … read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

6,039 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

838 satisfied customers

B.A., M.B.A, J.D.

Loren

Loren

Attorney

741 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

23,416 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x