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Get your taxes done using TurboTax
@mhoffman44 wrote:
....do my taxes the same way that I always have since I’m the owner of the trust....
Yes, your taxes basically stay the same since the trust is treated as a disregarded entity for federal income tax purposes (you are treated as the owner of the trust assets).
There are several options for reporting.
See https://www.irs.gov/instructions/i1041#en_US_2022_publink1000286018
October 25, 2023
12:02 PM