Thanks again... So when you say joint trust, then that would be us, correct? two trustors with a shared revocable living trust (who are also trustees).
And, if I understand correctly, even though we can enter the actual rental income/expenses on our Schedule E's we would still need to file the 1041 with what I assume are two GIS forms? (one each). And finally, do we have to file a1041 and GIS for every year we have rental income on that property? if all that's correct is there anyway around that? We were hoping not to have to use an EIN number, which is required for a 1041.
