Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

medical expenses paid from a grantor trust

Level 1

grantors of a grantor trust are divorced parents. Trust pays medical expenses of the beneficiaries. Can one parent deduct 100% of medical expenses paid?

Labels (1)
0 Cheers
1 Reply 1
Level 11

I would start with the divorce decree.  To whom does it award the trust assets?  Or maybe this is a bifurcated case where the spouses are declared single, but the property settlement remains to be decided.  In that case, whose money went into the trust, and does the trust state that it is now owned by both?  

And who are the beneficiaries?  The grantors?

My guess is that you will end up with a 50/50 split.