So when you say joint trust, then that would be us, correct?
Yes.
we would still need to file the 1041 with what I assume are two GIS forms?
Yes.
do we have to file a1041 and GIS for every year we have rental income on that property?
Yes.
if all that's correct is there anyway around that?
Yes, all of that is correct and, YES, there is a way around that; you should each have your own individual revocable trust.
