Revocable Living Trust

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  • Bird Legs
    Senior Member
    • Jun 2005
    • 990

    #1

    Revocable Living Trust

    This type of trust is not required to file a tax return nor pay taxes. Is this correct?
    Thanks for your help.
  • jimmcg
    Senior Member
    • Aug 2005
    • 633

    #2
    Revocable living trust generally considered to be a grantor trust and income and tax reported on tax return of grantor.

    Comment

    • outwest
      Senior Member
      • Dec 2005
      • 455

      #3
      Sounds like a grantor trust..

      which is disregard for income tax purposes. No trust return, all activity reported on the individual return of the grantor

      Doug

      Comment

      • Bird Legs
        Senior Member
        • Jun 2005
        • 990

        #4
        Thanks to

        both you guys. Appreciate it very much. It is a grantor trust,
        Question, how far out west are you, Out West?

        Comment

        • outwest
          Senior Member
          • Dec 2005
          • 455

          #5
          Two days west of the Missisipi..

          in Twin Falls, Idaho.

          Comment

          • OldJack
            Banned
            • Dec 2005
            • 1689

            #6
            Originally posted by outwest
            in Twin Falls, Idaho.
            Hey Outwest... check it out...you need a pee!

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