A trustee and beneficiaries have agreed to terminate a GST trust and distribute the assets to the grandchildren now rather than at the date of death of the trustee. What tax forms need to be filed? I plan to file a 1041 and a 706 GS(D) (distribution of assents). Are any other forms necessary, such as a gift tax (4808) to be paid by the trustee? Appreciate your advice.
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Distribution of assets for a GST--what tax forms needed?
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