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My spouse is a 1/3 beneficiary of a trust. How do we enter passive rental real estate income that is coming from that trust?
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My spouse is a 1/3 beneficiary of a trust. How do we enter passive rental real estate income that is coming from that trust?
The Trust should be filing a separate tax return and in most cases would issue all beneficiaries a K-1 that is entered on their personal tax return.
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