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A taxpayer puts their primary residence into a trust. The…

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A taxpayer puts their primary...
A taxpayer puts their primary residence into a trust. The trust pays the mortgage payments and issues a 1098 with the EIN of the trust. Their estate planner attorney set it up this way. Anyway, wouldn't the trust have to have a return and then the beneficiaries be issued K1s for their prorata shares of the Trust's acitivities, even if it is just the taxpayer? Thank you.
Submitted: 22 days ago.Category: Tax
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4/1/2018
Tax Professional: emc011075, Tax adviser replied 22 days ago
emc011075
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What kind of trust is it? Grantor trust? Irrevocable Trust?

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