https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-all-my-investments-my-house-etc-in-a-trust-do-i-need-to-put-my-investment-income-on-a-1041/01/250512#M31198 <P>I have a pension, social security and RMD on my IRA do I have to do a 1040 and a 1041</P> Sat, 01 Jun 2019 20:25:46 GMT heyjudehb 2019-06-01T20:25:46Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-all-my-investments-my-house-etc-in-a-trust-do-i-need-to-put-my-investment-income-on-a-1041/01/250512#M31198 <P>I have a pension, social security and RMD on my IRA do I have to do a 1040 and a 1041</P> Sat, 01 Jun 2019 20:25:46 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-all-my-investments-my-house-etc-in-a-trust-do-i-need-to-put-my-investment-income-on-a-1041/01/250512#M31198 heyjudehb 2019-06-01T20:25:46Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-put-my-investment-income-on-a-1041-rather-t/01/250514#M31199 <P> <B> <I>"Do I need to put my investment income on a 1041 rather than a 1040?"</I> </B> </P><P><B></B>No, since the type of trust you have is almost certainly a revocable living trust (aka, grantor trust), the trust is treated as a disregarded entity for federal income tax purposes (if you have something else, the drafter of the trust should be able to inform you).</P><P>As such you can report your income, deductions, etc., on your Form 1040 rather than Form 1041. The rules can be found at the link below.<B><I><BR /></I></B></P><P> <A rel="nofollow" href="https://www.irs.gov/instructions/i1041#idm140630131863440" target="_blank">https://www.irs.gov/instructions/i1041#idm140630131863440</A> <BR /> </P> Sat, 01 Jun 2019 20:25:47 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-put-my-investment-income-on-a-1041-rather-t/01/250514#M31199 Anonymous_ 2019-06-01T20:25:47Z