My previous question today has been deleted. I'm not sure why. However, I misstated somewhat. This irrevocable trust contains a ranch with barns, outbuildings and a farmhouse on the property. There is also a grantor trust within the irrevocable trust that grants a home for a family member to live in. All income from the trust must be taken out each year and distributed to a designated beneficiary.
Income includes ONLY interest income and rental income. Expenses are only maintenance, repairs and administrative for the ranch and farmhouse and overseeing the trust.
Is this likely simple enough for me to do on my own using Turbo Tax Business? My experience is in doing individual tax returns and and returns dealing with rental real estate.
