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Deductions & credits
The lawyer got EIN for the trust under my name like X Y Trust, K1 will be issued to X Y Trust. So based on my circumstance(irrevocable grantor's trust), Do the trust need to file the tax for the K1? If it passes to my personal tax, do the trust still need to file tax? Or can the trust file the tax and pay the tax on the k1 received.
March 11, 2024
3:35 PM