Updated over 1 year ago on .
Most recent reply
presented by
Help! Trying not to commingle inherited funds within my trust for new LLC doing PML
My father passed and his trust became irrevocable. My 2 siblings and I now have separate trusts derived from Dads (we all get a K-1). I want to use some of my inherited funds to start doing some PML and EMD but I don't want it to pass thru on my personal return. I also have my revocable trust, so basically two trusts (separate trust and my revocable trust). I have been diligent about not commingle funds with my husband/household. If I am using inherited funds for a separate LLC (Wyoming) how do I keep any income produced from that venture sole/separate assets?