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Investors & landlords
YOU and the TRUST are one and the same on a federal tax return so all the income and expenses go on the Sch E no matter where the payment comes from ... it is like you having one pair of pants ... no matter which "pocket" the money comes out of it is still from the same pair of pants. This trust doesn't file it's own tax return ... all it's income is reported on yours hence the "disregarded entity" status.
‎April 19, 2022
4:03 PM
2,743 Views