I have revocable trust for my child. Trust has cash less than 600 dollars and Savings Bond bought in the name of the trust for 10k. There is no interest income from Savings Bond or other income. Do I need to file Taxes for Trust Account? I use Turbo Tax Business
If it is a revocable trust, it is a disregarded entity for federal income tax purposes and, as such, it is the same as if the income were the child's income.
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