In Ohio with two different revocable trusts both non qualified – 1099 issues pre and post death
Client has a trust (two of them) $800,000 each. Husband died September and wife died October 2022. The CPA is saying that two 1099’s needed to be issued for each trust account? One for up until the client died with their social security number representing the trust that would convert to an EIN post death? Same question for 2nd trust. Thanks
Permalink Submitted by Alan - IRA critic on Wed, 2023-03-01 18:57
CPA is correct.