Business & farm

a simple trust or a grantor trust.  a simple trust is treated as making a distribution of its income each year. technically a k-1 does not have to be issued until 5/17/2021 for 2020

 

a grantor trust, if it's using the grantor's ssn, doesn't even file a return. the taxpayer must include all items of income in their return which they extract from the various (tax) documents issued.