- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Revocable trusts are grantor trusts (the grantor is treated as the owner of the trust assets).
As a result, the grantor generally reports all of the income and gain derived from the trust's assets on Form 1040.
There are other (optional) methods of reporting.
See https://www.irs.gov/instructions/i1041#en_US_2022_publink1000286018
Under no circumstances, however, would the grantor be issued a K-1 (1041).
‎October 25, 2023
11:47 AM