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

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    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?

    #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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      #3
      Originally posted by AZ-Tax View Post
      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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