Business & farm

Grantor trusts (aka revocable living trusts) are generally disregarded entities for federal income tax purposes.

 

You can treat the trust as if it does not exist and report the income and any deductible expenses on your individual income tax return (1040). 

 

For a reporting overview see:

 

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

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