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Business & farm
Putting money into a trust is generally not a taxable event.
If the trust is a grantor trust and earned income, that income can be reported on your individual income tax return (as grantor trusts are disregarded entities for federal income tax purposes).
See https://www.irs.gov/instructions/i1041#en_US_2022_publink1000286018
‎January 29, 2023
7:59 PM
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