sjrcpa
Level 15

It seems to me the first tax issue is the amount of taxable income the trust has upon cashing in the annuity. That should be obtainable from Ohio Insurance Company. If this is for 2020, there should be a 1099-R for this.

Distributions from the trust and the attendant tax consequences flow in accordance with the trust agreement, which you have said directs all income to the wife.


Ex-AllStar