I have a rental property. I want to issue a W-2 to my under child whom I paid throughout the year for small jobs around the property. My understanding is to issue a W-2, I need an EIN. If I do so. How does that work in relations to when I file my taxes, since they are under my SSN, as is the bank accounts.
How does this work in relation to the the property if its in a trust. Do I just file the taxes for the income/expenses for the property (in the trust in my SSN) or with the new EIN.
Thanks for any insight in advance.
