TaxMonkey
Level 8
12-07-2019
06:07 AM
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The word "grantor" has a specific meaning for income taxes, That word means that the person who originally created the trust has retained enough control over the property that they report any income on their tax return even if they do not receive the money.
In your situation, you could be misusing the word grantor, to apply to a non-grantor trust or you could not understand the tax treatment of grantor trusts.
In your situation, you could be misusing the word grantor, to apply to a non-grantor trust or you could not understand the tax treatment of grantor trusts.