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murphydj
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I transferred all my rental properties into a trust in my Daughters name on June 1st 2018. where do I report this transaction on my 1040?

 
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I transferred all my rental properties into a trust in my Daughters name on June 1st 2018. where do I report this transaction on my 1040?

"where do I report this transaction on my 1040?"

That effectively would constitute a gift to your daughter and not a reportable transaction on an income tax return. 

However, you would probably need to report the transfer on a gift tax return (Form 709).

Please see the link below and also seek a consultation with legal and tax professionals.

https://www.irs.gov/pub/irs-pdf/f709.pdf


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I transferred all my rental properties into a trust in my Daughters name on June 1st 2018. where do I report this transaction on my 1040?

"where do I report this transaction on my 1040?"

That effectively would constitute a gift to your daughter and not a reportable transaction on an income tax return. 

However, you would probably need to report the transfer on a gift tax return (Form 709).

Please see the link below and also seek a consultation with legal and tax professionals.

https://www.irs.gov/pub/irs-pdf/f709.pdf


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