QUESTION
How will Medicaid treat trust income shown on Grantor's 1040 but is not available to Grantor?
Asked on Jan 29th, 2018 on Elder Law - Tennessee
More details to this question:
Irrevocable trust holds rental real estate. Grantor trust for tax purposes. No income or principal available to Grantor. All income to be retained within trust for future investment. Typically no distributions to beneficiaries.
1 ANSWER
You need to consult with an accountant.
Answered on Jan 29th, 2018 at 1:56 PM