From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, June 8, 2015 10:47 PM To: Thomas Turrin Subject: Re: Grantor of grantor trust

consolidate

On Mon, Jun 8, 2015 at 6:40 PM, Thomas Turrin

> wrote:

Jeffrey,

The instructions attached ...see page 4 specif=cally includes grantors of grantor trusts.

A grantor of a grantor trust is considered to be an =E2 owner of record" ..."or holder of legal titl=".

A trust grantor has an "ownership inte=est in the trust for US federal tax purposes". Leon ha= such ownership

interest for US tax purposes. He must re=ort the trust's income on his personal return

(If Phaidon had income flowing up to the APO2 Declar=tion, he would have to report the trust

income from Phaidon on his personal return. ) =u>

I understand the form is not clear in its presentati=n. You are required to list the accounts

as if they're your own personal accounts. =AO The form does not provide for more explanatory options.=/u>

I will also double check with our people in the morn=ng.

THOMAS TURIN, CPA<=>>

Partner

Raich Ende Malter & =o. LLP

## 1375 Broadway

New York, New York =0018

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</=pan>

=/u>

=C2 =C2

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please =ote

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