Form 8855 to make my Mother's trust part of her estate?

Question

Thank you for presenting this solution to my problem. After K-1 distributes the interest/dividends to me, I then claim this income on my 2007 1040 return, meaning the Government waits an extra year for its tax? And, the 1041 I file later this year will have no tax due since all income has been distributed with the K-1? This solution, if I understand you correctly, is indeed PERFECT. Thank you. I will proceed to file the 8855 today.

Answer 1

just pay someone to do your taxes. it is worth the money. it isn't worth it to end up screwing yourself over when it comes to the IRS.