Hello everyone,
I made a grantor trust for my son (irrevocable) with a condition that this fund gets withdrawn half at age 30 and the rest at age 35 in year 2018. I didn't realize I have to file a tax return as a trustee so now I have to file for the past 6 years - 2018-2023. If the income earned is less than the fiduciary fees, do I need to file still? If I need to file, how can I file them? Please advise.
Thank you.
