Probably not. If it is a revocable living trust, you do not need to file a separate income tax return for the trust. You would just report any income on your personal return. If the trust was irrevocable, it would need to file an income tax return (form 1041).

Question

Does the creation of a "living trust" affect our joint tax return filing?

Forum|Forum|6 years ago
February 6, 2020
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Irene2805

Probably not.

If it is a revocable living trust, you do not need to file a separate income tax return for the trust. You would just report any income on your personal return.
If the trust was irrevocable, it would need to file an income tax return (form 1041).