Do I need to file trust tax return if I rent my home

[nh_624]

Hello,

Do I need to file trust tax return for revocable living trust if I place the house for rent and receive rental income?  I am the trustee of my trust now.

Thanks

[PatriciaV]

No, If it's a living (grantor) trust, you can use whichever TurboTax personal program suits your tax situation. There is no special tax form for living trusts; the trust's income and deductions are reported on the grantor's personal tax return.

Rental activity is reported on Schedule E, which in TurboTax is found under Wages & Income >> Rental Properties and Royalties.

Additional Information:

• Where do I enter income and expenses from a rental property?
• What kinds of rental property expenses can I deduct?
• How do I handle capital improvements and depreciation for my rental?