@yodankful wrote:
Or do we add the trust as an owner/member? and if so, since turbotax will only issue 1 k-1 in that instance, how does each individual declare it on their tax return?
Add the trust as a member. The trustee of the trust will then report the K-1 from the LLC on the trust's income tax return (Form 1041) and, in turn, the trust will issue each beneficiary a K-1.
