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Get your taxes done using TurboTax
Your trust could be taxed as a grantor trust for income tax purposes which would then report all activity on your personal return without having to file a form 1041. Would need to read the provisions of the trust document. I suggest you consult with a tax professional who could provide direction here.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎June 6, 2019
9:00 AM