Solved
Can I use turbotax Home and business to pay taxes on money put into a trust?
No text available
Putting money into a trust is generally not a taxable event.
If the trust is a grantor trust and earned income, that income can be reported on your individual income tax return (as grantor trusts are disregarded entities for federal income tax purposes).
See https://www.irs.gov/instructions/i1041#en_US_2022_publink1000286018
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
