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Can a trust beneficiary claim rental income in personal taxes while trustee is alive
Rental property & Beneficiary are in the same state and that state is different from trustee state. If a child is a beneficiary in the trust, can the beneficiary file the rental property income in their personal income tax for that state while the trustee is alive?
Trustees: parents in state1
Beneficiaries: children (>18 age) in state2
Rental Property: title is on Revocable trust & in state2
Can one of the children claim the rental property income in their individual income taxes while parents are alive and parents do not include that income in their taxes?
‎September 27, 2022
7:31 AM