Client has $$$,444 under his living trust name and has passed away in September 2022. The broker added the successor trustees name to allow the successor trust to have access to the account. I have never done a Form 1041. I believe the broker acount should be treated like the sale of a home where the trust inherits a home at market value and then sells it for no gain then deeds it to the new owner. Not sure of all the proper forms and how to show an investrment that was the joe smith revoc living trust so the heirs get tax free money since the trust inherits the money and then passes it in accordance to the trust heirs.
TIA (Thanks In Advance)
Jim
TIA (Thanks In Advance)
Jim