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Yes, the income (from the GIS) is reported on the grantor's 1040.
Yes, the GIS contains all that is needed for the grantor to report the income on the appropriate schedules on the grantor's 1040.
The trust activity and personal activity are one in the same. They could be separated, though, in order to keep the books and records (if they are even being kept) in order.
‎February 16, 2022
7:53 PM