DCope
Level 1

Hi,

I have a Partnership generating rental income for two partners, an individual and her own Revocable Living Trust (so really just one person, the trust is in her own SSN, no EIN) and Lacerte won't allow me to create a trust with a SSN. I've read your tip stating a revocable living trust is disregarded for tax purposes but she wants a 50/50 split (between herself and the trust) and I obviously want to record this income so it will be taxed. Can you advise on how I should record the trust?

Thx,

 - D  

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