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Form 1041
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... -
Estate returned
I need your help to complete this form because this is the case of a priest friend of mine who died in 2018, he did not leave a will but he had in his retirement account 51,000 dollars that the state has already given to his sister as a representative. This happened last year but no tax was ever filled out. He was ill for over 3 years so I don't think... -
Paying Commissions on a Trust
I have a client that was left a trust from his cousin who died. The company that held the trust, charged him $9,848.05, commission to settle the Estate. Can he take the fee as a deduction on his taxes? His cousins trust was $984,804.96 and left to 6 cousins. Each paid $9,848.05 to the company who settled the Estate.
