Business & farm


@Dahunn2000 wrote:

When folks create a grantor type trust (known as a living trust) the trust does NOT file a tax return. 


Grantors typically do not file an income tax return (Form 1041) for grantor trusts, but they CAN opt to do so, depending upon how they choose to report.

 

See https://www.irs.gov/instructions/i1041#idm140630131852672

 

Obviously, the filing differs from a nongrantor trust (no K-1s are issued), but a 1041 is still filed.