Business & farm

The LLC, being a single-member LLC, is treated as a disregarded entity for federal income tax purposes.

 

Whether the trust is required to file its own return (or is also treated as a disregarded entity) depends upon whether it is a grantor trust or a nongrantor trust.


See https://www.irs.gov/instructions/i1041#en_US_2022_publink1000286018