No, he won't be able to "file the taxes for the property" if you put it in your revocable trust. The property now belongs to your son. You cannot put his property in your trust unless you buy it from him or he gifts it to you. If you buy the property from him it will be a taxable transaction. If he sells it to you at less than market value, that will be a gift of the difference between the price you pay and the market value. If he gifts the property to you outright, then he will need to file a Gift Tax Return. (Did you file a gift return when you gave the property to your son?) Once in your living trust, you will report the income and expenses for the rental property on your tax return, not your son's.
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