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Question

Will my tax rate for a grantor trust be same as my individual tax rate?

Forum|Forum|1 year ago
March 29, 2025
1 reply
0 views

I am considering transferring all my assets into a trust. Real estate (1 property in NY and 1 property in FL), brokerage account, 401K account and IRA account It would be a simple revocable/grantor trust. I will be the grantor, trustee and sole beneficiary. Will income from the trust be taxed in my individual tax return or will I need to file a 2 separate tax returns going forward (1 individual and 1 trust where trust income will be taxed at 37% for income greater than $15,650?

As grantor, you are treated as the owner of the assets in the trust for federal income tax purposes and are taxed at the same individual tax rate (not the trust tax rate).