topic Complex Trust reporting in Get your taxes done using TurboTax

Complex Trust reporting

larrykiser — Thu, 18 Feb 2021 22:28:06 GMT

More than one Complex Trust for the same individual? Do I file two separate returns or combine on one return?

Re: Complex Trust reporting

Anonymous_ — Thu, 18 Feb 2021 22:57:52 GMT

You are required to file a return for each entity (assuming here that each trust has its own TIN).

Re: Complex Trust reporting

larrykiser — Thu, 18 Feb 2021 23:03:42 GMT

What if the same number for each Trust? Both have same Trust Name and Trustee; but, two different accounts at Morgan Stanley started the same date. What do I do?

Re: Complex Trust reporting

Anonymous_ — Thu, 18 Feb 2021 23:34:20 GMT

It does not follow that since there are two different accounts at a brokerage firm (or more than one firm), there are two different trusts; one trust can have multiple accounts.

If you have one trust created by one trust instrument (trust document), then there is no need to file more than one return (if a return is required to be filed).