K-1 issued FBO a Trust vs Trust 1099 Brokerage statement

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  • AZ-Tax
    Senior Member
    • Feb 2008
    • 2604

    #1

    K-1 issued FBO a Trust vs Trust 1099 Brokerage statement

    TP gives me the K-1 and the 1099 brokerage statement title in same trust name and matches fiduciary name and address that is on K-1. Am I to assume the K-1 has all the data I need thus I Don't need to obtain data from the 1099? What does CRUT stand for?
  • JohnH
    Senior Member
    • Apr 2007
    • 5339

    #2
    CRUT - Charitable Remainder Unit Trust (Or Unitrust)
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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    • Burke
      Senior Member
      • Jan 2008
      • 7068

      #3
      Originally posted by AZ-Tax
      TP gives me the K-1 and the 1099 brokerage statement title in same trust name and matches fiduciary name and address that is on K-1. Am I to assume the K-1 has all the data I need thus I Don't need to obtain data from the 1099? What does CRUT stand for?
      You should have all you need on K-1. Does 1099 have EIN of trust?

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