Unless your trust is a Grantor type Trust (in which case it is effectively ignored for income tax purposes, except for having to file an annual no-tax-due disclosure on Form 1041), or a Living Trust (specifically one where the donor to the trust is still alive), then you should receive a document known as a Schedule K-1 (for trusts) that will report your taxable income from the trust . . . at least the income that is taxable on your personal return. It is that Schedule K-1 that you would use for your personal income tax reporting.
A trust itself will normally have a separate tax filing requirement(s), and this obligation is normally taken care of by the trust's trustees, with the help of a professional accountant or lawyer. If you have such a trust in existence, and are the trust's trustee or trustees, but don't yet have an accountant or lawyer helping you, then it is recommended that you obtain such professional assistance as soon as reasonably possible. The complete tax filing requirements and obligations for a trust are well beyond the scope of what we can offer here on the TurboTax AnswerXchange.
That said, assuming that a trust's income tax reporting is done correctly (and the trust is not a Grantor type Trust), then entering your Schedule K-1 (i.e., the tax document generated by the trust and distributed to the trust's beneficiaries) tax information into TurboTax is relatively straightforward. In fact, we even have a FAQ webpage that describes for you how to get started:
https://ttlc.intuit.com/questions/1900938-where-do-i-enter-a-k-1-that-i-received
If you have additional questions about Schedule K-1 for trusts, trust income and taxes as a topic, if or just want to speak with a live tax
expert who can walk you through entering a Schedule K-1 in TurboTax (including the ability to
screen-share with your computer), then please feel free to contact us. We
would be happy to help you (and as a TurboTax Deluxe customer, the call is free to
you). Here is a link where you can create a support ticket and reach us:
https://support.turbotax.intuit.com/contact/
Thank you for using the TurboTax AnswerXchange.
