You do not state what your relationship is to the trust or the trustee. However, the trustee needs to engage the services of an expert trust &...

You need to have this looked into by a TAX PROFESSIONAL, who knows all of the details and crunch the numbers for you. Nobody on this forum can...

If she files a joint return with your father, then YES, she must include the 1099-C on her income tax return. However, if she files separately,...

Agree with Mr. Rosenblatt. If you put the funds into a joint account your mother will be making a gift of one-half of the funds, which you may not...

Agree with Mr. Corrigan. You need an EIN # for both the trust and the estate. More importantly, you need the assistance of an expert probate...

You need to get the assistance of a tax professional to prepare your 2021 return. At this late date, you will probably have to get an extension...

It sounds as though your mother named your niece as pay-on-death beneficiary on all of her accounts. People often do that to avoid probate, even...

You should report it as "other income."

If he is getting out in May, your tax preparer can e-file an extension for him. Then he can deal with his own tax return when he gets out. Tax...

That doesn't sound right to me. Might be worth your while to pay for a consultation with an expert probate law attorney in your area who can map...