Living Truist with EIn

[jaredc2]

I made a LIVING-TRUST with a ein.

The irs document says, TTEE after my name,    CP 575 B
and also says
Form 1041 04/15/2021

I made about $200 in interested.   How do I enter this?   Does it go on my personal or do a i a seperate return?  thanks

[Anonymous_]

You can enter the income on a 1041 and check the "Grantor type trust" box (the income is then reported on a grantor information statement which, in turn, is reported on your individual income tax return (1040).

There are various filing options which you might want to consider.

See https://www.irs.gov/instructions/i1041#idm140229121398304

[jaredc2]

its 1099-int form,   where do i enter the banks info on the k1 form?

[Anonymous_]

@jaredc2 If you are filing a 1041 for a grantor trust, you will not issue a K-1 (and if you are using TurboTax Business, a K-1 will not be generated). Rather, you will receive a grantor information statement.

[Anonymous_]

Interest is entered on the GIS (grantor information statement).