Discussion:GRANTOR TRUST
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| Revision as of 19:08, 13 December 2007 Dennis (Talk | contribs) ← Previous diff |
Revision as of 19:54, 13 December 2007 LKfromCANADA (Talk | contribs) (I think I found) Next diff → |
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| {{ForumReplyPost|UserID=Dennis|Date=13 December 2007|Text=Yes. In general, however, when grantor is not trustee the trust might be resident wherever the trustee is. Check local law for entity compliance.}} | {{ForumReplyPost|UserID=Dennis|Date=13 December 2007|Text=Yes. In general, however, when grantor is not trustee the trust might be resident wherever the trustee is. Check local law for entity compliance.}} | ||
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| + | {{ForumReplyPost|UserID=LKfromCANADA|Date=13 December 2007|Text=I think I found something. Section 672 states that foreign persons aare not treated as owners??}} | ||
Revision as of 19:54, 13 December 2007
Discussion Forum Index --> Advanced Tax Questions --> GRANTOR TRUST
Discussion Forum Index --> Tax Questions --> GRANTOR TRUST
LKfromCANADA (talk|edits) said: | 13 December 2007 |
| I have a client who set up a grantor trust that holds numerous investments. She recently returned to Canada due to health reasons. She is NOT a U.S. citizen and will be filing a 1040NR. Her daughter has now taken over as trustee as the client is not mentally capable of managing her affairs. Do we still have a grantor trust?? | |
| 13 December 2007 | |
| Yes. In general, however, when grantor is not trustee the trust might be resident wherever the trustee is. Check local law for entity compliance. | |
LKfromCANADA (talk|edits) said: | 13 December 2007 |
| I think I found something. Section 672 states that foreign persons aare not treated as owners?? | |
