My minor has a master trust from a settlement and also collects survivor benefits. Before the trust I never had to file a return for her. I was told ill recieve a grantor letter, not a K1. How doI go about this? I assume I fime my return, claiming her as a dependant. File a return for the trust itself. Then file a return for her, stating someone claimed her as a dependant? It seems off only becayse its like im reporting the income for the trust twice, once on the trusts return and again on hers? Anyone have some expertise on this one? Thanks in advance!!!
