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Ask TaxMama Tax Information With a Mother's Touch Published by Eva Rosenberg, EA, aka TaxMama Volume 2, Issue 82, September 29, 2000 Remainders |
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Dear
TaxMama,
What taxes are applicable under the following situation: A Trust is set up with stock for a beneficiary with the proviso that after the beneficiary dies, the Trust is ended and the balance in the Trust account is distributed to the remaindermen. How is the distribution of the stock to the remaindermen Taxed? GS  Hi Gerry The remainderman do not get taxed on the distribution at all. Their basis (tax cost) would be the value of the stock at the date of the death of the beneficiary. If there are any estate taxes, the estate of the beneficiary would pay them. Does this help? Best wishes,
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