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Returning Member
posted Apr 24, 2024 2:46:20 PM

Do I need to file trust tax return if I rent my home

Hello,


Do I need to file trust tax return for revocable living trust if I place the house for rent and receive rental income?  I am the trustee of my trust now.

Thanks

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1 Replies
Expert Alumni
Apr 24, 2024 3:00:40 PM

No, If it's a living (grantor) trust, you can use whichever TurboTax personal program suits your tax situation. There is no special tax form for living trusts; the trust's income and deductions are reported on the grantor's personal tax return.

 

Rental activity is reported on Schedule E, which in TurboTax is found under Wages & Income >> Rental Properties and Royalties.

 

Additional Information: