Brokerage statement titled with "TTEE" but with a EIN. What form to use?

[AZ-Tax]

Brokerage statement titled with TTEE but with an EIN. Also has U/A DTD (Under Agreement date of trust document). I have seen these before but with SS#. Do I use a form 1041?

UPDATE: I located the SS-4 issued by the IRS and it states form 1041 is to be used.

[ToledoEd]

Thank you for updating your post with the answer.

[JON]

Ss-4

Is it a Revocable Trust or not, that is the question. If revocable trust you do not have to file on a 1041, and normally do not want to. I think you need trust agreement. This must mean this is the first year... Irrevocable means you probably also have gift tax returns.

[DaveinTexas]

Just my 2 cents

Remember that on the same SS-4 letter (also known as CP575 Notice), it states (verbatim) "We assigned you a tax identification number based on information obtained from you or your representative. It is not a legal determination of your tax classification, and it is not binding on the IRS."

We all know that the client will receive a client if you file a return contrary to what the classification states on the letter, but those are the breaks. You just write a letter explaining the "inconsistent" treatment of the actual return you filed and what the IRS might "think" you should have filed.

[Burke]

That is correct. 1041 not necessarily required. You need to examine the Trust document. If it is a disregarded entity due to its being a Revocable Trust, then all goes on the grantor(s)' 1040, and the EIN should be corrected on the financial accounts to SSN.

[AZ-Tax]

Wouldn't "Rev" appear on the account title?

Wouldn't the word "Rev" or " Revocable" appear on the title of the account?

[Burke]

Not necessarily. It depends on what the clerk typed in who set up the financial account. Don't ever trust that. Get the Trust Document.

[Kram BergGold]

Irrevocable

I think this is an irrevocable trust and 1041 is required.