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June 13, 2020
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where does one include n1 liquidating trust income and deductions in a tax return

  • June 13, 2020
  • 1 reply
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    Best answer by Anonymous_

    Contact the trustee.

     

    Distributions to beneficiaries of liquidating trusts are generally not taxable. However, beneficiaries should receive a grantor letter detailing any items of income, gain, loss, deductions to include on their returns.

    1 reply

    Employee
    June 15, 2020

    Contact the trustee.

     

    Distributions to beneficiaries of liquidating trusts are generally not taxable. However, beneficiaries should receive a grantor letter detailing any items of income, gain, loss, deductions to include on their returns.