Financial Software Questions? Ask IT Support for Answers ASAP
who is managing the trust for you and what type of trust is it?
A granter trust would normally be if you set up the trust for somebody else but you still retain the right to revoke the trust.
Generally the trust itself would pay the tax on that amount rather than you on your personal taxes as trusts are treated as individuals and file their own tax returns.
But again i would check with whomever is holding the trust.
Probably just a standard form. It should have its own tax return. But i would definitely check with the people running it and a cpa if they dont give you the answer you want to hear.