Complex Trust reporting

Forum|Forum|5 years ago
February 18, 2021
1 reply
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More than one Complex Trust for the same individual? Do I file two separate returns or combine on one return?

TurboTax Business Windows

Anonymous_

Level 15

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

larrykiserAuthor

Level 2

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?

Anonymous_

Level 15

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).