Legal Question in Wills and Trusts in Connecticut

My mother has two office buildings which are in a trust for me and my sisters. My mom has lifetime use of the buildings...receiving the income and paying the expenses of the buildings. Do I and my sisters have to report anything on OUR income tax returns? My mom reports all the income and expenses and pays all property, etc. taxes on the buildings.


Asked on 6/20/11, 9:04 am

1 Answer from Attorneys
John Heffernan Heffernan Legal Group, LLP

No.

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Answered on 6/20/11, 10:49 am


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