Armory Sponsor
Posted: 1/24/2008 4:25:57 PM EDT
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What type of trust do i need for NFA toys and what the best way to set one up. Do you have to pay any taxes on the trust come tax time. Thanks |
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Here is the Federal 1041 tax return Instruction Guide. Page 4 describes who needs to file. There is also a way to file a trust tax return, if necesary, as part of the grantor's (IIRC) personal 1040. http://www.irs.gov/pub/irs-pdf/i1041.pdf In my state, necesity to file a trust tax return is directly linked to federal filing necesity. I'm not going to pretend to know Nebraska state law- here is your states current year tax site. Good luck  http://www.revenue.ne.gov/tax/current/current.htm |
Armory Sponsor