PatriciaV
Expert Alumni

Get your taxes done using TurboTax

Who owns the LLC? If the trust is the sole owner of the LLC, then the activity for the trust is reported on the grantor's tax return

 

But if the LLC is owned by more than one person/entity, the LLC needs to file a partnership tax return. Schedule K-1 from that return would be sent to the members, to be included on their tax returns. Again, the activity for the grantor trust would be reported on the grantor's tax return.

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