2023 Personal Trust Q&A Podcast

Q&A Call 12/14/22


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See the Video Recording here: https://us02web.zoom.us/rec/play/JR8HYvHVDp_QoV5j7no7t4tdIsaz-t2aVInLvXAEs3faKMhLlkzPBcEBQKjiJA4b2Je0Cn5QSooRwu4l.7_Vt9fDXhjnW6GFD?autoplay=true&startTime=1671037869000

Access the Live Transcript here: 
https://otter.ai/u/Q4oomchsl39CnYjSHq5bC0sEcfc

Outline:
If a client has income from an LLC in august, what do you need to do?
-6:54
What’s the name of the division?
-16:18
Can the trust also pay for upgrades to their home?
-23:04
How can we sell those properties?
-31:13
How do I get the link to what I thought you gave us?
-39:37
How do you know what the original cost of the land was?
-42:46
Is farming income currently reported on a Schedule E? Is it considered active active active?
-51:09
If Kevin owns part of the business, is it better to do it in a division or a division of a business?
-56:48
If a parent trust was giving money to a sub trust and then that sub trusts were passing money from it to the parent trust...
-1:04:05

...more
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2023 Personal Trust Q&A PodcastBy Ginamarie Gaudio-Grace