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Level 2
June 28, 2023
Question

Taxes for the year when trust is revoked

  • June 28, 2023
  • 3 replies
  • 24 views

Do I have to submit 2023 tax forms for a trust that was revoked in May of this year? There will be no income, distributions, or 1099s.

3 replies

TeriH
Alumni - Intuit
June 28, 2023

 A revocable trust, either a revocable land trust or revocable living trust, does not require a tax return filing as long as the grantor is still alive or not incapacitated.

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CwgdlgcjgAuthor
Level 2
June 28, 2023

Owner passed away 7 years ago but all assets have been transferred to a different trust so initial trust has been revoked.

Level 2
June 28, 2023
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