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Financial Planning / Tax Strategies


Subject:  filing trust tax return Date:  1/21/2009  9:39 PM
Author:  Fletch52 Number:  103838 of 124829

Fools: Our firm is conservator for a client who has a trust. Trust holds his investments that were placed in trust when it was created. If there is no separate tax id for the individual and income/loss from assets in the trust shows the individual social security number does that mean we file just one return for this individual.

Conversely when would a trust file a 1041 return? Under which circumstances. Thanks for the clarification.

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