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Get your taxes done using TurboTax
No, If it's a living (grantor) trust, you can use whichever TurboTax personal program suits your tax situation. There is no special tax form for living trusts; the trust's income and deductions are reported on the grantor's personal tax return.
Rental activity is reported on Schedule E, which in TurboTax is found under Wages & Income >> Rental Properties and Royalties.
Additional Information:
- Where do I enter income and expenses from a rental property?
- What kinds of rental property expenses can I deduct?
- How do I handle capital improvements and depreciation for my rental?
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‎April 24, 2024
3:00 PM
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