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Any accountants among us? - I have a d4a Special Needs Trust Fund question
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<blockquote data-quote="busywend" data-source="post: 350717" data-attributes="member: 391"><p>The interest has to be claimed as income. </p><p>I assume the other was part of an estate? It depends on where the money came from. If it would have been taxable to the deceased person, it will be taxable to whomever inherits it. Since it was spent in one year I assume it is not large enough to be estate taxed.</p></blockquote><p></p>
[QUOTE="busywend, post: 350717, member: 391"] The interest has to be claimed as income. I assume the other was part of an estate? It depends on where the money came from. If it would have been taxable to the deceased person, it will be taxable to whomever inherits it. Since it was spent in one year I assume it is not large enough to be estate taxed. [/QUOTE]
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Any accountants among us? - I have a d4a Special Needs Trust Fund question
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