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Grantor trust
Hello,
I have both personal taxes (already done/filed using TTax), and a revocable trust. I reported trust income on my personal return believing that's how it can be done as I am the grantor (and it's revocable). Then I found that my trust has an EIN assigned. I think I have to go back and relate my trust EIN to my personal TIN by filing a 1041 with just the identifying info and the income on an attached statement. If so, is the 1041 form that TTax provides only in the full business product, at $170!? Or is it also in the 'self employed/small business' product for a more reasonable price, $109 I think?
As an aside, the trust income was well under $600, so I wonder if I even should have reported it?
TIA,
ACE
Topics:
March 7, 2022
10:55 AM