Ok. The designated account remains in the trust, how do I put that distribution on my return? Just put the amount in cell 4b on the first page of the 1040? I was expecting to receive pass-through K-1's but was given the 1099-R and no other information or guidance.
Was it ok for the trust to be...
@Tax Counsel
First, I have to say thank you for the time you put into that reply. You hit the nail on the head with your example. Very helpful!
In this case the trustee kept a Roth for themself and designated a taxable to me. Both of those accounts named the trust as the beneficiary, and the...
This is about a revocable living trust for a family member that is deceased. I'm hoping for some feedback about what this Article section is trying to say, it's very unclear to me.
I understand this is a bit out of context without the whole document, but a primary Article of the document says...
