do I file a 1041 for a nominee trust? if so, IRS says not to use EINs for nominees, so do I use my ssn instead as trustee?
063190
6 Replies
Anonymous_
Level 15
Apr 21, 2020 7:40:02 PM
Do you have a nominee trust or a grantor trust?
A nominee trust is typically established to hold title to real estate and is disregarded for federal income tax purposes (i.e., a separate return, such as a 1041, is not required).
michaelpferreira
New Member
Apr 21, 2020 7:49:36 PM
It’s a Nominee Trust. It was used to hold a real estate property and was sold in 2019. So if no 1041 where would I report the gains?