The FMV stepup should be on the termination of the life estate.It's when the life estate ends and the interest becomes vested in the person(s) (or entity, such ...
Grantor trusts virtually always have 1041s that show blanks or zeros. Everything gets passed through to the grantor on the grantor information statement which T...
A simple trust does not distribute corpus. If it does, then it's a complex trust and a complex trust may or may not distribute capital gains depending on the tr...
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