Hello Expeerts,

I need help with my tax assignment. I know that you guys can't attach the form here, but if you do it as excel or word tables will be great. Thank You !!

Bart Smith settled the Smith Children's Trust on September 30, 2012 (EIN: 45-1792583). In 2016, the Trust had items of income and expense as follows Amount Allocable to Principal Income $23,149 Qualified Dividends Ordinary Dividends 3,319 Rental income from house Charitable Gift to Salvation Army 0.000 Tax-exempt interest 000 Rental expensesi 3,575 Trustee's fee 850 850 Fee for preparation of tax return 725 Capital gain on sale of stock2 Distribution of income: Frank Sally The trust agreement appointed Smalls Bank and Trust as its trustee with broad discretionary authority, including the Trustee's authority to distribute income to Frank and Sally during its 20-year term. The trustee has decided to allocate a portion of the estimated taxes to the beneficiaries this year. On Jul 1, 2032, the Trust will terminate and the assets will be distributed equally to Frank and Sally, irrespective of any distributions the beneficiaries received during the life of the Trust (i.e. separate shares are not maintained for Frank and Sally). The Trustee has never allocated any estimated tax payments to the beneficiaries and the Trust provides that capital gains are to be treated as "principal" by the Trustee Smalls Bank and Trust Frank Smith Sally Smith 189 24th St 5241 Union 7152 Forest Pottsville, MI 48018 Livonia, MI 48054 Port Huron, MI 48007 EIN: 38-1212853 SS: 287-49-1715 SS: 287-48-2372 Please prepare the 2016 Form 1041 and any other form or schedule required for the Smith Children's Trust. This Return will be due o n or before class June 15, 2017 IThe residential rental property is located at: 473 Greenfield Avenue, Birmingham, Michigan 48009. The expenses include: $750 commission paid to real estate management company for managing rental property, $1,800 for depreciation of the property, $1,025 for maintenance expenses Trustee sold Corporate Stock on April 3, 2016. The stock was purchased for $4,117 on January 21, 2003. The Trustee filed a fo 1099-B reflecting the basis of the Corporate Stock