But I will say that if the trust is a revocable living trust created by just your father and you have simply become the trustee because he cannot manage (or does not want to) the trust assets, then the trust is ignored from an income tax perspective while your father is living. Any accounts in your name as trustee should use your father's social security number. You will get 1099's etc. with his SSN and report on his 1040 as normal. Money coming out of the trust is not taxable just like moving money between your own bank accounts is not taxable. Nor is money coming into the trust because it is a trust. Income is taxable as it normally would be (interest, dividends, social security in many cases, etc.)
You should seek the advice of a trusts attorney because you have fiduciary duties as trustee that you should be aware of (how to manage and spend the money, how to report what happens with the money). It is possible that you could have liability to other people (e.g. your siblings if any or other trust beneficiaries) if you do not fulfill those duties.
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