A family trust was set up with our parents rental properties. My Brother takes care of all the business. It is "no reportable income". so How do I report it?

smschmitt57 · ‎April 8, 2025

My brother fills out all the information on each of the 11 rentals. The trust pays the bills. We never get payouts, since no profit each year. Why do I need to duplicate what he reports? I have never had to for the last 7 years,

MaryK4 · ‎April 8, 2025

If there is no reportable income, you do not have to enter the information on your tax return.

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MaryK4 · ‎April 8, 2025

If there is no reportable income, you do not have to enter the information on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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A family trust was set up with our parents rental properties. My Brother takes care of all the business. It is "no reportable income". so How do I report it?