Can I use turbotax Home and business to pay taxes on money put into a trust?

[Anonymous_ · Accepted solution]

Putting money into a trust is generally not a taxable event.

If the trust is a grantor trust and earned income, that income can be reported on your individual income tax return (as grantor trusts are disregarded entities for federal income tax purposes).

See https://www.irs.gov/instructions/i1041#en_US_2022_publink1000286018