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January 12, 2024
Question

Do you File taxes on a Trust?

  • January 12, 2024
  • 1 reply
  • 0 views
Irvocable Trust?
Do you help file Taxes on this trust?

1 reply

Employee
January 12, 2024

If the trust is a grantor trust, then it is disregarded for federal income tax purposes and you would report the income and expenses on your own individual income tax return (Form 1040).

 

Intuit does not provide LIVE assistance or Full Service for trust income tax returns (Form 1041), only for partnerships and S corporations.

 

See https://turbotax.intuit.com/small-business-taxes

 

 

You might want to contact a local tax professional.

 

See https://taxexperts.naea.org/expertdirectory