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I transferred all my rental properties into a trust in my Daughters name on June 1st 2018. where do I report this transaction on my 1040?

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Best answer by Anonymous_

"where do I report this transaction on my 1040?"

That effectively would constitute a gift to your daughter and not a reportable transaction on an income tax return.

However, you would probably need to report the transfer on a gift tax return (Form 709).

Please see the link below and also seek a consultation with legal and tax professionals.

Employee

"where do I report this transaction on my 1040?"

That effectively would constitute a gift to your daughter and not a reportable transaction on an income tax return.

However, you would probably need to report the transfer on a gift tax return (Form 709).

Please see the link below and also seek a consultation with legal and tax professionals.

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