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Level 2
March 19, 2025
Question

Living Trust

  • March 19, 2025
  • 1 reply
  • 12 views

If a living trust, that has NOT established an EIN, has an interest in a partnership with the person who the living trust pertains to, do you list the trust separately as a partner?  Do you use the person's, for whom the trust is pertaining, SSN as the trust's EIN/ITIN/SSN?  

1 reply

MaryK4
Level 15
March 19, 2025

You can use the social security number of the person- a living trust reports the taxes under the induvial taxes because it is revocable.  It kind of acts as an alter ego until it becomes revocable.  

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