Do you want to stay logged in?

Message Board

541

October 14, 2016 • Larry Gurewitz • Log In to Post Comments

Trust received  liquidated amount from Decedent's annuity.  Can the income be transferred to the beneficiary's 1040 but taxed in the 541?


Comments

Generally if the income is distributed, it will be taxable to the beneficiaries. Look at the trust documents to determine the requirements.

×

Send To A Friend