charmell
New Member

A living couple creating living revocable trust. Will have separate tax id number. Do we need to file any type of income tax return for the trust while we are alive?

We do not have any stocks, money market accounts or anything that really makes money, just a small savings account.    The trust has mainly the house, vehicles, personal property, and then our checking and savings account.   After we are gone everything will go to our daughter.    Wondering if we need to file something special.