lovemahal-1
Level 2
02-23-2022
12:01 PM
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sjrcpa
Level 15
02-23-2022
12:04 PM
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If the trust is a Grantor Trust, it is disregarded for income tax purposes and all income gets reported on the grantor's tax return.
So you need to find out what kind of trust it is. Best to get the Trust Agreement and read it.
Ex-AllStar
Just-Lisa-Now-
Level 15
02-23-2022
12:06 PM
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Follow the SSN on the document. I have lots of clients with accounts that have Living Trust in the name with the clients SSN. It goes on the clients return.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪