Investors & landlords

What do you mean by "owner distributions"?

 

Your LLC is a single-member LLC since the trust is the only member while your trust appears to be (and almost certainly is) a grantor trust. As a result, both entities are disregarded for federal income tax purposes, and you can report on your 1040.

 

Again, however, you used the term "owner distributions" so you need to clarify what that term means to you (e.g., withdrawal of income from a bank account, withdrawal of principal, etc.).