topic Trust in Get your taxes done using TurboTax

Trust

ijg — Tue, 10 Mar 2026 05:27:44 GMT

My wife and I just had trusts prepared for each of us - two separate trusts. We have always filed our taxes jointly. Do we need to change the way we file in 2022?

Re: Trust

LaceyL — Wed, 27 Jul 2022 17:09:26 GMT

If these are Living Trusts or Revocable Trusts, the income is reported on your personal tax return, so if you normally file Married Filing Jointly, you can continue reporting that way. For example, let's say you have a stock account that you transferred into your trust, you would continue to report that stock account directly in your individual return just like you did previously.

If these Trusts are Unrevocable Trusts, a 1041 Trust return will need to be filed.

Re: Trust

ijg — Wed, 27 Jul 2022 17:16:32 GMT

Thank you! They are revocable trusts so it sounds like we can keep filing jointly with no change correct?

Re: Trust

LaceyL — Wed, 27 Jul 2022 20:49:40 GMT

Yes, report any income from items in your trusts exactly the same way you have reported those same items in previous years on your form 1040 individual return.