Discussion:Do I need to file a 1041

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Gonza (talk|edits) said:

1 February 2006
My sister created a Revocable Simple Living Trust. She had rental income from the corpus in the trust.

She had not other income. Does she need to file a 1041 Form; or is it sufficient for her to report her rental income in her normal Sch.E, Form 1040?

Thanks,

Mniebruegge (talk|edits) said:

1 February 2006
A revocable trust does not file its own tax return. All income and expense is filed on the 1040, same as a grantor trust.

Gonza (talk|edits) said:

2 February 2006
Thanks Mniebruegge

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