Deceased Trust and income
Posted: 16-Mar-2019 10:09pm
TP died 8/18/18. He and his wife each have their own revocable trust and his wife is Trustee of deceased TP's trust. The family wants to keep their dad/husband's trust open because it's the beneficiary of their mom's trust and a life insurance policy. (not sure why they would set this all up like this but then I only know enough about Trust's to be dangerous)
The deceased TP's trust only has 2018 income of
$11 interest
$1384 Ordinary dividends
$1232 Qualified dividends
$195 Exempt-interest dividends
Would they report this on TP and wife's 2018 joint return or does a 1041 need to be filed for the deceased TPs trust or do you need more information than I have provided?
Thanks for any help.
The deceased TP's trust only has 2018 income of
$11 interest
$1384 Ordinary dividends
$1232 Qualified dividends
$195 Exempt-interest dividends
Would they report this on TP and wife's 2018 joint return or does a 1041 need to be filed for the deceased TPs trust or do you need more information than I have provided?
Thanks for any help.