Form 1041


N

Nell

Mother has a revocable living trust. I anticipate that the
estate will have income as a result of the exercise of
survivor's option on some notes. As I look at schedule 1041
it appears that the tax is based on a schedule which is
higher than the tax rate of the beneficiaries. Years ago,
when my mother-in-law passed away, the income reported on a
pro-rata basis for each of the beneficiaries. Is the latter
option still available?

One of the beneficiaries is a special needs trust. Would
that impact the above?
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Form 1041 1
form 1041 1
file form 1041? 2
USA Form 1041-Contributions 3
Form 1041, Schedule B 0
Form 1041, Sch D 6
TaxCut Business & Estate Form 1041 2
Form 1041 - Estate and K-1 2

Top