On Jul 5, 11:26*am, "Stuart A. Bronstein" <spamt...[at]lexregia.comwrote:
- quote -


Thanks for the clarification, Stu.

Katie in San Diego

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Katie <katiej_1958[at]yahoo.com> wrote:
- quote -

Katie's absolutely right about that, but I feel the need to make a
clarification. Not all intervivos trusts are grantor trusts. An
intervivos trust is whatever is not a testamentary trust, meaning a
trust created in someone's will. Irrevocable intervivos trusts that
did not start out as revocable trusts (while rare) are generally not
grantor trusts.

Stu

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On Jul 5, 10:39*am, kennethcrogoshe...[at]gmail.com wrote:
- quote -


It sounds as though this may be a revocable trust, where the grantors
and the beneficiaries are the same individuals. This is what is
sometimes known as a "grantor" or "inter vivos" (among the living)
trust. If that is the case, the trust has no income tax filing
requirement. All of the trust's income and expenses are reported on
the grantor's 1040.

Katie in San Diego

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On Jul 5, 12:39*pm, kennethcrogoshe...[at]gmail.com wrote:
- quote -

You use IRS form 1041 and its K-1 to declare and compute income and
distribute it to you ofr taxation. If it is a revocable trust use
your own 1040 and the trust doesn't need a TID#. Otherwise, your
question needs a lot more information for a reply.

ed

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kennethcrogosheske[at]gmail.com wrote:
- quote -

You most likely need to file Form 1041 (along with the 1041 flavors of
Sch A,B,etc, depending on the contents of the trust), and issue a K-1 to
the benficiary (you) to pass along the income.
Joe

www.blog.joetaxpayer.com

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I need to know what IRS Form to use to file a Form for the Trust and
since all income comes to me personally, what IRS Form do I have to
file. The Trust has its own I.D. number for the trust, and of course
I file with my Social Security Number.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >