Carl
Level 15

Deductions & credits

Sounds to me like you really don't understand how things work with a trust. *You* can't sell anything owned by the trust. Only the trust can sell it. You may be "agent" for the trust or something like that, but if it's a legitimate trust, then that trust *MUST* have an EIN. All transactions of the trust are reported on the 1041 trust tax return. Then if you are a benificiary of that trust, any transactions performed by the trust that are benificial to you personally, would be reported to you by the trust on a 1041 K-1 form. You'd use that K-1 to complete your personal 1040 tax return.

Overall, I highly suggest you seek professional help; especially if you are the designated/legal administrator of the trust. Mistakes made by the trust administrator on the 1041 Trust return will result in a fine being assessed on the Administrator of that trust, and not the trust itself. So please seek professional help on this ASAP.