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supercody2002-
New Member

I received a Form 1099-DIV for an Asset Protection Trust created in May of 2017 using an EIN. How do I file the first Tax Return for the Trust?

I cannot include it with my tax return because it is not under my social security number.
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tagteam
Level 15

I received a Form 1099-DIV for an Asset Protection Trust created in May of 2017 using an EIN. How do I file the first Tax Return for the Trust?

"How do I file the first Tax Return for the Trust?"

You would need TurboTax Business (not Home & Business) to file a Form 1041 for the trust. 

However, since this is almost certainly a grantor trust, you can use one of the optional filing methods.

See https://www.irs.gov/instructions/i1041#idm140376241097344

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tagteam
Level 15

I received a Form 1099-DIV for an Asset Protection Trust created in May of 2017 using an EIN. How do I file the first Tax Return for the Trust?

"How do I file the first Tax Return for the Trust?"

You would need TurboTax Business (not Home & Business) to file a Form 1041 for the trust. 

However, since this is almost certainly a grantor trust, you can use one of the optional filing methods.

See https://www.irs.gov/instructions/i1041#idm140376241097344

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