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Level 1
March 9, 2022
Solved

Living Trust

  • March 9, 2022
  • 1 reply
  • 9 views

My wife has a Living Trust, do we have to file it separately or do we file with the rest of our normal taxes?

    Best answer by MayaD

    You are not required to file a separate tax return. If you receive income from trust assets, you would report this on your individual return. The assets, however, remain under the ownership of the trust.

    1 reply

    MayaDAnswer
    Alumni - Intuit
    March 9, 2022

    You are not required to file a separate tax return. If you receive income from trust assets, you would report this on your individual return. The assets, however, remain under the ownership of the trust.

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    Level 2
    April 6, 2022

    I file my living trust taxes separately and my trust has a separate tax id number...how do I enter my trust name on the tax form?

    Level 2
    April 6, 2022

    I file a separate return for my trust...where and how do I enter the trust name on a tax return