Maximize Tax Savings in Real Estate The Essential Role of Passthru Trusts

Trusts and estates function as a sort of hybrid pass-through entity. Often-times, there is no income tax attributed to the beneficiary ... The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a ... A "grantor trust" is a trust that is treated as the grantor (the person who establishes the trust) for income tax purposes. Therefore, if a real ... Ten years later, when wife dies, her estate tax exemption could be used for the assets in the survivor's trust. By using the bypass trust the ... The assets that are transferred to your beneficiaries at the end of the trust term do not pass through your estate. ... Real Estate. Personal Estate ... ... Pass-Through Entity Income? How do I get a ... On March 20, 2002, they gave $1.5 million of rental real estate property located in Wisconsin to the trust. Yes. The real question is who pays the taxes. That depends upon whether the property was in a revocable or irrevocable trust at the time of the ... Qualified personal residence trusts (QPRTs) are primarily used to eliminate the value of a personal residence from the total value of an estate. A business with an estate or trust as a partner or shareholder typically still will choose to take the Sec. 179 deduction to benefit its other owners. PTE taxable income and PTET credits should be computed based upon K-1 amounts reported under the successor entity's EIN. An individual or trust ...