Thank you all for responding to my question and I will give more clarification to the how and why.
We are in a state that has NO income tax.
The Trust has been properly filed with the entities and the DEED is in the name of the trust. (there is NO mortgage)
Operating statement is from Quicken and represents the gains and losses for the year.
There were over $600 in income for the year.
I signed into TurboTax to do my taxes and elected the LIVE "we will do your taxes for you" and I was advised that because we placed the house into a trust this year, I was required to file an IRS 1041 on my own before I could proceed any further. Once I bought the program and proceeded into it, the questions began to arise without anywhere to field them. Hence, why I am here.
My trust attorney advised me to not file for an EIN, because the trust is a "Grantor Trust" and requires no EIN. Upon looking into this, it is widely advised to NOT file for an EIN and use TIN as it will fit in the form the same.
BIG QUESTION
This is the reason why I have leaned on you.
Hopes that I can get clarification and HELP OTHERS OUT.
How can I convince the TurboTax CPA that I Do Not need an IRS 1041?
If I do need one, the how do I fill the darn form out correctly?
