Mother and Father (deceased 2005) set up a revocable trust for me and brother. Mother passed away July, 2021. A tax return was filed for her for 2021. Upon her passing, we became joint trustees for the trust. One of the trust accounts received a 1099-DIV and a 1099-INT for 2022. The trust is still open and reported under their TIN#. Do we just split the 1099 amounts and report it on our own 1040's?
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If the trust is still open, you will need to file a tax return for the trust on Form 1041. Depending on the terms of the trust and whether trust income was actually distributed to you and your brother, either the trust will pay the tax on the income, or you will prepare Forms 1041-K-1 which will shift the tax reporting and payment to you and your brother. But on your personal returns, you will not report the 1099. Instead you would report the 1041-K-1. If you are not familiar with trust taxation, you probably need to engage an accountant or trust attorney to help you with this. TT will not prepare the 1041 for you - you will need to get the forms from the IRS website and fill it out by hand - or your accountant probably has software to prepare the form.
If the tax reporting forms were issued in the name of the trust and with the trust's EIN, then a 1041 needs to be filed.
TurboTax Business can be used to prepare and file a 1041 for a trust.
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