Can I file interest & dividend I received on t...
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wiseoowl38
New Member

Can I file interest & dividend I received on two separate trust accounts on a personal 1040 even if one Trust account has it's own tax id number?

Or does the Trust account have to be filed on a separate return?
1 Reply
tagteam
Level 15

Can I file interest & dividend I received on two separate trust accounts on a personal 1040 even if one Trust account has it's own tax id number?


@wiseoowl38 wrote:
Or does the Trust account have to be filed on a separate return?

If the trust is a grantor trust, you can use an optional filing method.

 

See https://www.irs.gov/instructions/i1041#idm140366310222736

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