Business & farm

What version and form do I need to use in Turbo Tax?

 

Since you are grantor, most likely the trustee, and the trust is revocable, the trust would be considered to be a grantor trust by the IRS. 

 

See https://www.irs.gov/businesses/small-businesses-self-employed/abusive-trust-tax-evasion-schemes-ques...

 

As a result, the income earned by the trust would be reported on your (the grantor's) individual income tax return (Form 1040).

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