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Get your taxes done using TurboTax
If these are Living Trusts or Revocable Trusts, the income is reported on your personal tax return, so if you normally file Married Filing Jointly, you can continue reporting that way. For example, let's say you have a stock account that you transferred into your trust, you would continue to report that stock account directly in your individual return just like you did previously.
If these Trusts are Unrevocable Trusts, a 1041 Trust return will need to be filed.
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‎July 27, 2022
10:09 AM