topic Trader Tax Status in Get your taxes done using TurboTax

Trader Tax Status

Contango72 — Tue, 24 Feb 2026 04:03:17 GMT

Can a trust brokerage account qualify for trader tax status?

Thanks,

Re: Trader Tax Status

Anonymous_ — Thu, 27 Apr 2023 17:40:58 GMT

@Contango72 wrote:

Can a trust brokerage account qualify for trader tax status?

The trust would have to be a grantor trust (where you are considered to be the "owner"), which it most likely is.

Re: Trader Tax Status

Contango72 — Thu, 27 Apr 2023 19:27:17 GMT

I'm the Trustee / Beneficiary, my deceased Father set up the trust, I assume he is the Grantor?

Re: Trader Tax Status

Anonymous_ — Thu, 27 Apr 2023 19:31:37 GMT

Yes, he would be.

Assuming the trust is now irrevocable and you do not have the requisite authority or power, the trust is treated as a separate entity for federal income tax purposes (i.e., not a grantor trust).

You should check with a local attorney who can review the document.