Business & farm

As a "living trust" that you purportedly own, you can most likely treat the trust as a disregarded entity for federal income tax purposes and report all items of income, deduction, and credit on your individual income tax return (i.e., report under Optional Method 1, obviating the need to file a 1041).

See <a rel="nofollow" target="_blank" href="https://www.irs.gov/instructions/i1041/ch01.html#d0e1593">https://www.irs.gov/instructions/i1041/ch0...>