M-MTax
Level 12

Get your taxes done using TurboTax

If this is a grantor trust, your issue is solved because you are considered to be the owner of the assets and, as a result, pay any tax due on the income the trust earns.

 

If otherwise, you file a 1041 with an associated K-1 and pass the gain through on the K-1 (if you have the authority to distribute capital gains).

 

Do you know what type of trust you have?