Form 5227 Fill in Version Split Interest Trust Information Return

Instructions and help about Form 5227 Fill in Version Split Interest Trust Information Return

all right for this video I want to go over a sample form 5227 for a split interest trust and specifically this is going to be a charitable remainder unit trust so there's a lot of different types of split interest trust I'll have several other videos covering those other types of scenarios but in this example we want to focus on a charitable remainder unitrust or a Crut CR for short so we've got the sample 5227 which we'll go through in more detail I do have a sample 1099 issued from the broker uh for the brokerage account that's set up for this trust and then we also have just a sample set of financial statements kept it really simple here showing the income and expenses and some of those balances at the end of the year for the balance sheet and then another uh more detailed income reconciliation and how we calculate our unitrust payment for the current period and then lastly just two slides here covering some background on CRTs and then the fact pattern that we're going to be working