topic I have newly formed revocable trusts set up for my three kids. Each has less than $200 in dividend income this year. Do I need to do taxes for them? Form 1041? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-have-newly-formed-revocable-trusts-set-up-for-my-three-kids-each-has-less-than-200-in-dividend/01/212081#M87009 Sat, 01 Jun 2019 18:14:05 GMT sally-payne-wi 2019-06-01T18:14:05Z I have newly formed revocable trusts set up for my three kids. Each has less than $200 in dividend income this year. Do I need to do taxes for them? Form 1041? https://ttlc.intuit.com/community/taxes/discussion/i-have-newly-formed-revocable-trusts-set-up-for-my-three-kids-each-has-less-than-200-in-dividend/01/212081#M87009 Sat, 01 Jun 2019 18:14:05 GMT https://ttlc.intuit.com/community/taxes/discussion/i-have-newly-formed-revocable-trusts-set-up-for-my-three-kids-each-has-less-than-200-in-dividend/01/212081#M87009 sally-payne-wi 2019-06-01T18:14:05Z "Do I need to do taxes for them? Form 1041?" For a revoc... https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-do-taxes-for-them-form-1041-for-a-revoc/01/212096#M87018 <P> <B> <I>"Do I need to do taxes for them? Form 1041?"</I> </B> </P><DIV>For a revocable trust (grantor trust), you would only file a 1041 if you obtained an EIN (TIN) for the trust, in which case you could file via an optional method (link below). Otherwise, you do not need to file a 1041.</DIV><DIV> <BR /> </DIV><DIV>See&nbsp;<A rel="nofollow" href="https://www.irs.gov/instructions/i1041#idm140630131825216" target="_blank">https://www.irs.gov/instructions/i1041#idm140630131825216</A> </DIV> Sat, 01 Jun 2019 18:14:07 GMT https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-do-taxes-for-them-form-1041-for-a-revoc/01/212096#M87018 Anonymous_ 2019-06-01T18:14:07Z