If you receive a K-1 in the name of the trust and with the trust's EIN, then you would file a 1041 to report the K-1 the trust received.
In turn, you would file a 1041 for your trust, but it would be a grantor trust return (1041, but with a grantor information statement instead of a K-1). You would then enter the information from the GIS into your own personal income tax return (1040).
