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Enterprising Investor

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Re: mrholty post# 70

Monday, 10/21/2024 6:24:48 PM

Monday, October 21, 2024 6:24:48 PM

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I haven’t spoken to anyone.

If the trust receives income, it will be reportable in year received.

And if trust assets are only cash and cash equivalents, the trust needs to be liquidated. The result may two payments. A large one for 2024, and a final, smaller payment next year.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, Founder and CEO of Harwood International

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