I am considering transferring all my assets into a trust.
Real estate (1 property in NY and 1 property in FL), brokerage account, 401K account and IRA account
It would be a simple revocable/grantor trust. I will be the grantor, trustee and sole beneficiary.
Will income from the trust be taxed in my individual tax return or will I need to file a 2 separate tax returns going forward (1 individual and 1 trust where trust income will be taxed at 37% for income greater than $15,650?
