Income Tax Reporting Requirements for Grantor Trusts

[@Bigsas14]

This video was a big help! I’m helping a family member and now have the list of questions to ask to determine the correct filing. Thank you for putting this out here!

[@shaggydog8291]

Thank you so much. I've been trying get this very answer from my Attorney. And after 6 months, he still hasn't got back to me. I'll tell him to watch your video because I don't think he knows. You just dropped my stress factor by 90%

[@chs6467]

Thank you so much for this clear and concise explanation. You have supplied a very good service to the public. cs

[@americasestateplanninglawy1946]

👍

[@dancingcpa1]

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[@RealNet.BusinessAdvisors]

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[@americasestateplanninglawy1946]

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[@tom73458]

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[@americasestateplanninglawy1946]

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[@airdice1188]

thank you for the great explanation

[@williamedwards6519]

Thank you so much! this helps chisel the first foothold in my long road ahead. Question- Grantor trust, revocable trust, Grantor includes an "everything I own, all income, etc, is in the trust, Grantor holds no claim to deeds, titles, etc. " the same day the trust is signed. Grantor . months later, is deemed mentally incapable to handle her own affairs, the trust is now irrevocable. when does the trustee have to 1041 and get an ein?

[@MensurUtt]

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[@tlcbear411]

Thanks so much

[@erikseanwilson]

Love your videos!! Very informative. Question: Profit (mutual fund sale at a profit) in revoc trusts is taxed at ordinary bracket (to grantor) or at the trust level.?

[@Gard614]

Where can the three sentences you read from the IRS be found?

[@paxetbonum4934]

Very good cleared up a lot. Thanks

[@jcman240]

What about the tax treatment for the beneficiary/trustee of an irrovacable trust? Does all the trust income have to be reported on beneficiaries individual tax return or can the trust report the first 12k if the marginal rate is less?

[@gloriajara5014]

I Love this video, thanks for your help!

[@garyrogers6977]

What happens after the grantor dies and there are provisions in the trust continues?

[@cheryldodd-marko9787]

🕊🇺🇲💕

[@Bigsas14]

This video was a big help! I’m helping a family member and now have the list of questions to ask to determine the correct filing. Thank you for putting this out here!